Highlights of This Month’s Edition
- U.S.-China Trade: In April 2021, U.S. goods exports to China were up 36.7 percent year-on-year, continuing a marked recovery from the pandemic in spite of ongoing bilateral trade tensions.
- New EO Redefines and Expands Investment Restrictions: The Biden Administration has revised and expanded prohibitions on U.S. investment in Chinese companies which act contrary to U.S. national security; the list of companies subject to restrictions has grown from 44 to 59, with 17 companies removed and 32 added.
- Multilateral and Bilateral Developments: G7 joint statement highlights shared concerns about Chinese economic and human rights policies; APEC communiqué expresses common desire to improve vaccine access for Asia-Pacific economies; U.S. economic trade officials hold calls with their Chinese counterparts.
- Commodity Prices Surge: China’s National Development and Reform Commission published a five-year action plan on pricing reform while regulators attempt to address spiking commodities prices.
- In Focus – Wealth Management: Wall Street seizes on China’s $18.9 trillion asset management market as the Chinese government accelerates regulatory approvals to attract foreign capital and expertise.