Announcements

07/03/2019
Highlights of This Month’s Edition • Bilateral trade: U.S. goods deficit with China totaled $30.2 billion in May 2019, down 9 percent year-on-year, reflecting a decline in both exports and imports. • Bilateral policy issues: New tariffs on Chinese goods halted as the United States and China agree to resume trade talks; the United States adds five entities tied to China’s development of supercomputers to the Entity List; U.S. importers are attempting to sidestep tariffs on goods from China, but some are reconsidering production in China altogether as a possible fourth wave of tariffs looms; China suspends WTO dispute against the EU over China’s market economy status after it allegedly lost the case, allowing the EU and United States to continue treating China as a nonmarket economy. • In focus – The Baoshang Takeover: In a surprise move, Chinese financial regulators took over Baoshang Bank on May 24, sparking a slowdown in interbank lending to small and regional banks, even as the People’s Bank of China intervened to keep interbank credit channels open.
06/14/2019
In his report to the 19th Congress of the Chinese Communist Party, General Secretary Xi Jinping declared that China would complete the modernization of its armed forces by 2035 and transform them into “world-class forces” by the middle of the 21st century. Xi’s vision for the composition and mix of capabilities that would allow the People’s Liberation Army to be judged to be a “world-class” military is unknown. Will it be a force with global expeditionary capability, mimicking the United States, or an overwhelming regional force reminiscent of Imperial Japan in 1941? Or, as the two are not necessarily mutually exclusive, could it be both? This hearing will explore what the implications of a world-class Chinese military might be for the United States and its allies and partners, with the goal to begin a public dialogue on this topic and develop recommendations for Congress on how the United States might best protect its interests in the face of a highly-capable Chinese competitor.
06/07/2019
This hearing will examine China’s development of artificial intelligence, new materials, and energy storage, renewable energy, and nuclear power. It will assess China’s capabilities in producing and commercializing these technologies vis-à-vis the United States and its ambitions to export these technologies and shape their global governance in ways that disadvantage the United States. The hearing will also consider China’s potential military application of these technologies and strategic implications for the United States.
06/06/2019
Highlights of This Month’s Edition • Bilateral trade: In April 2019, U.S. goods exports to China fall, while imports are up, pushing the U.S. goods deficit to $26.9 billion, from $20.7 billion in March. • Bilateral policy issues: An impasse in trade negotiations in early May preceded a volley of policy actions from the United States, including a tariff hike and an additional proposed list of tariffs affecting the remainder of U.S. imports from China. China responded to U.S. actions by threatening rare earths export blockades, stringent cybersecurity reviews, and regulatory retaliation. • In focus – Chinese financial markets: Beijing’s efforts to liberalize financial markets remain stalled, but there have been signs of progress over the last year, increasing foreign access to China’s financial sector.
05/16/2019
In 2018, China reported several cases of African swine fever, or ASF, a highly contagious disease that is deadly to pigs. The disease has now spread throughout China, where it has already reduced the country’s hog population by more than 50 million, and throughout other countries in Asia. This report provides an overview of the ASF outbreak in China, the implications for U.S. exports of pork and animal feed products, and the risks posed to U.S. food safety and food security.
05/09/2019
Highlights of This Month’s Edition • Bilateral trade: U.S. goods deficit with China declined in Q1 2019 to $80 billion, down 12.2 percent year-on-year; in 2018, U.S. services surplus in China grew less than 1 percent, as exports increased 2.2 percent and imports increased 5.5 percent. • Bilateral policy issues: The United States won a WTO dispute against China for unfairly administering its tariff-rate quotas for wheat, corn, and rice; the EU is reported to have won a dispute brought by China over continuing to treat China as a nonmarket economy for the purposes of applying antidumping duties. • Policy trends in China’s economy: Beijing attempted to recast the Belt and Road Initiative’s image in its second forum, following international pushback on debt-trap diplomacy and corruption; regulators released new rules for the highly anticipated high-tech board on the Shanghai Stock Exchange. • Quarterly review of China’s economy: China recorded GDP growth of 6.4 percent in the first quarter of 2019 as key economic indicators rebounded from the end of 2018; policymakers leaned heavily on fiscal measures to shore up growth in place of monetary easing, creating concerns about the sustainability of local government debt growth and an expanding budget deficit.

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