Announcements

03/06/2019
Highlights of This Month’s Edition • Bilateral trade: In 2018, the U.S. goods trade deficit with China grew 11.6 percent year-on-year to $419 billion due to a 7.4 percent drop in exports to China, while U.S. imports from China grew 6.7 percent to reach a record $539.5 billion. • Bilateral policy issues: U.S.-China trade negotiations continue as the March 1 deadline for tariff increases is delayed until further notice; Huawei’s troubles compound as the U.S. Department of Justice charges the company with violating U.S.-Iran sanctions and stealing trade secrets; countries around the world weigh Huawei’s 5G participation, some push back on U.S. warning of security concerns. • Policy trends in China’s economy: The long-awaited Greater Bay Area Plan, an ambitious blueprint to integrate nine cities in Guangdong Province with Hong Kong and Macau, sets the goal of rivalling Silicon Valley against high barriers to coordination. • Sector focus – Digital Services: With over 800 million internet users, the Chinese digital services market is growing quickly, creating lucrative opportunities for digital services providers in industries such as cloud computing, digital content, and e-commerce. However, U.S. and other foreign digital services companies face significant regulatory obstacles and strong domestic competition.
02/28/2019
The U.S.-China Economic and Security Review Commission’s second hearing of 2019 seeks to evaluate two sets of relationships. In the first panel, hearing witnesses will review Chinese companies’ participation in the U.S. economy, and in the second panel, hearing witnesses will review U.S. companies’ participation in the Chinese economy. Both panels will assess implications of this participation for U.S. businesses, workers, consumers, and investors.
02/14/2019
The U.S.-China Economic and Security Review Commission released a report entitled China’s Biotechnology Development: The Role of U.S. and Other Foreign Engagement, prepared for the Commission by Gryphon Scientific and Rhodium Group. The report examines the development of China’s biotechnology industry and the role foreign trade, investment, and other linkages—particularly with the United States—have played in its evolution.
02/07/2019
This hearing will examine the internal and external challenges the Chinese Communist Party (CCP) faces in its attempts to consolidate power at home and increase its influence abroad. The first panel is designed to explore the implications of President Xi and the CCP’s tightening control over economic and security policy making. The second panel examines China’s domestic challenges, considering China’s economic weakness and financial sector risks, the risks and benefits of China’s state-led economic policies, and the country’s reliance on a number of key foreign technologies. The third panel assesses China’s external challenges, focusing on the People’s Liberation Army’s shortcomings and the limits of Chinese soft, sharp, and hard power.
02/06/2019
Highlights of This Month’s Edition  Bilateral Trade: The U.S. trade deficit in goods with China totaled $37.9 billion in November 2018, a 6.9 percent increase over November 2017; in Q3 2018, U.S. services exports to China grew 2.4 percent but the pace of growth for exports and imports has steadily declined since 2016.  Bilateral Policy Issues: In 2018, Chinese FDI to the United States reached $4.8 billion, 83.4 percent drop year-on-year, while Chinese venture capital investments in the United States reached record levels.  Quarterly Review of China’s Economy: China’s economy grew 6.6 percent year-on-year in 2018—the weakest annual pace since 1990—as the effects of China’s deleveraging campaign and trade tensions with the United States start to take a toll; state-owned enterprises enjoyed strong profits in 2018 despite a general economic slowdown, benefiting from the private sector credit crunch and renewed government support; the Chinese Academy of Social Sciences reports China’s declining housing prices slowed toward the end of 2018, though prices in Tier 3 and Tier 4 cities continued to fall.

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