Chinese officials pushed back against the new U.S. Executive Order that would curb certain outbound investment in China, calling it "blatant economic coercion and tech bullying" and vowing to take countermeasures.

On Friday, China's Ministry of Commerce (MOFCOM) announced that it was lifting the anti-dumping duties and countervailing duties it had been imposing on Australian barley, resolving a long-running trade dispute.

Two recent business surveys show that over the first half of 2023, the majority of foreign companies are optimistic about the Chinese market. More companies reported revenue increases than companies reporting revenue losses, and among the latter, Americans firms experienced higher losses compared to other companies.

China's planning agency, the National Development and Reform Commission (NDRC), along with several other agencies, has published 28 measures to bolster the private economy. This is part of the central government's effort to send a signal to boost market confidence.

Today, China announced new export controls on drones and drone-related equipment, effective on September 1.

China's southern city Shenzhen issued a new action plan to promote the use of domestic operating systems developed by Huawei, which is headquartered in the city.

Chinese President Xi Jinping and Indonesian President Joko "Jokowi" Widodo met in Beijing today. During their meeting, they discussed trade, investment and other areas of cooperation.