Highlights of this month's edition:
• Bilateral trade: U.S. goods deficit in August hits $34.9 billion, the highest monthly deficit this year. • Xi Jinping’s state visit to the United States: Presidents Obama and Xi announce cooperation in several areas, including agreement that neither government will support cyber-enabled theft of information for commercial advantage; joint initiatives to combat climate change; and narrowed scope in national security reviews of foreign investments. President Xi announces China will begin a national cap-and-trade program in 2017; pledges over $18 billion in total to development assistance, peacekeeping, climate change, and women’s rights initiatives. • Policy trends in China’s economy: New state-owned enterprise reform plan repeats ongoing reform efforts and lacks clear direction.
Highlights of this month's edition:
•Bilateral trade: U.S. goods deficit in July hits $31.6 billion, the highest monthly deficit this year.
•Policy trends in China’s economy: China devalues the RMB, then intervenes to strengthen it again; persistent volatility in China’s stock market fuels investor uncertainty; commodity prices continue to fall as China’s economy slows.
•Sector spotlight – Steel: In response to declining domestic demand for steel, China’s mills export their surplus rather than limit production and lay off workers; U.S. and foreign competitors cite dumping.
Highlights of this month's edition: Bilateral trade: Weak U.S. exports lead to a $170 billion deficit in the first half of 2015; U.S. maintains surplus in services trade despite slowing exports growth. Bilateral policy issues: WTO members reach deal to expand the Information Technology Agreement. Quarterly review of China’s economy: China maintains 7 percent GDP growth in the second quarter; stock market sell-off prompts government interference, threatens to derail reforms. Sector spotlight – Semiconductors: Chinese government sets sights on semiconductor industry, placing pressure on U.S.-based multinationals.
This Staff Report assesses the political realities that have limited Taiwan’s participation in global fisheries management, and the ways by which Taiwan has leveraged the size, geographic range, and technical capabilities of its fishing industry to take modest and pragmatic steps to expand its participation in bilateral, regional, and international fisheries-related agreements.
This issue brief provides information and analysis of the precipitous collapse of China’s stock market, including the impacts of the fall, the measures employed by China’s government to stem the rout, and the history of volatility in the market before the fall.
Highlights of this month's edition: Bilateral trade: Monthly U.S. goods trade deficit with China is up 15 percent from the previous month as imports outpace exports.Bilateral policy issues: Latest S&ED yields few concrete outcomes, no resolution on issues related to cyber security or China’s activities in the South China Sea. Policy trends in China’s economy: Government introduces a slew of reforms to stimulate economy and halt stock market slide; Standing Committee adopts a far-reaching national security law that redefines the government’s “core interests” to include almost every aspect of private and public life, and behavior of foreign corporations and foreign NGOs operating in China. Sector spotlight – E-commerce: Foreign investors granted full ownership of some e-commerce businesses across China amid liberalization in other value-added telecommunications services in Shanghai FTZ.
The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.