China's Ministry of Commerce (MOFCOM) today announced the first-of-its-kind sanctions on two U.S. defense companies, Lockheed Martin Corporation and Raytheon Missiles and Defense, for their arms sales to Taiwan.

China's Customs Tariff Commission of the State Council announced this week that it will again extend tariff exclusions on some U.S. goods that were subject to retaliatory tariffs as a response to U.S. Section 301 tariffs.

Many Chinese local governments have recently announced investment projects for 2023, with a planned investment of 3.36 trillion yuan (approximately US$490 billion) this year. Many of them focus on advanced manufacturing, as China is facing increasingly restricted access to advanced technology due to export controls, investment screening and

China's Ministry of Commerce recently started an expiry review on anti-dumping measures imposed on chemical product ortho chloro para nitro aniline from India.

The U.S. government announced that it is sanctioning six companies for their involvement in China's spy balloon programs.

Cambodian Prime Minister Hun Sen visited China over the weekend and met with top Chinese officials to discuss investment, trade and financing construction. After the meetings, the two sides issued a joint statement, pledging more cooperation in six areas.

At today's press conference, the spokesperson of China's Ministry of Commerce (MOFCOM) provided some comments on several recent development related to foreign export controls, as well as trade relations with the United States, Australia, and Russia.