Two Chinese battery materials makers recently announced investment plans in Europe and Africa to meet the growing global demand.

Over the weekend, China's Vice Premier He Lifeng and Germany's federal minister of finance Christian Lindner co-chaired the third financial dialogue in Frankfurt. The two sides made commitments on trade, investment, and regulatory cooperation.

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."