Over the past few days, U.S. Treasury Secretary Janet Yellen has been in China, and during her trip she has raised a number of trade issues with her Chinese counterparts, with a focus on overcapacity and its impact on foreign markets.

The U.S. Trade Representative's Office has released summaries of its negotiating proposals for the second stage of the U.S.-Taiwan 21st Century Trade Initiative Negotiations.

Last month, China's Ministry of Commerce extended the anti-dumping measures against photographic paper and paper board from the EU, U.S. and Japan for another five years.

Over the first two months of 2024, China's services trade grew 22.8%, according to the Ministry of Commerce (MOFCOM), and its intellectual property (IP) exports grew over 80%.

Multiple reports revealed that China has ramped up a campaign to phase out foreign products and software in government computers and servers with domestic replacements, a renewed effort in a decade-long push for securing government IT products and systems.

Last week, the U.S. Trade Representative's Office issued its 2024 report on foreign trade barriers. The section on Chinese laws and regulations is mostly the same as the previous year, but new concerns on government procurement, labor, and export restrictions have been added.

Last month, China's Customs started allowing Austrian dairy and pork products to enter the Chinese market. On the other hand, it also suspended imports of some meat products from three countries due to animal disease concerns.