Last week, Beijing issued a draft provision for cross-border data flows, potentially lowering the compliance cost for companies and waiving regulatory requirements for some data exports. The draft, however, is awaiting finalization, which could bring more changes.

Today, China's Ministry of Commerce, National Bureau of Statistics and State Administration of Foreign Exchange released a report on 2022 China's outbound investment. They also updated FDI data over the first eight months of 2023.

The Biden administration released an update to an advisory on Xinjiang supply chains this week and also added three more entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. The bipartisan Congressional-Executive Commission on China expressed support for the Entity List move.

In a statement published this week, the China Association of Automobile Manufacturers urged the European Union to use caution in its anti-subsidy investigation, warning that it may harm the EU EV industry and global carbon neutrality goals.

In a white paper released today, Beijing outlined its vision for globalization, criticizing "protectionism, the erection of fences and barriers, unilateral sanctions, and maximum-pressure tactics," as well as "de-sinicization in the name of derisking."

At the 10th EU-China High-Level Trade and Economic Dialogue in Beijing, which was co-chaired by Chinese Vice Premier He Lifeng and European Commission Executive Vice-President Valdis Dombrovskis, the two sides discussed trade, supply chains, and financial services, and agreed to create working groups for some contentious trade issues.

During a press conference last week, China's Ministry of Commerce spokesperson He Yadong offered comments on the upcoming China-EU High-Level Economic and Trade Dialogue, China's outbound investment, trade disputes with Australia, and the implementation of export controls on gallium and germanium.