Huan Zhu
China's Banking Regulator Fines Standard Chartered and Four Other Banks
China’s banking and insurance regulator has recently imposed nearly 400 million yuan fines on five banks, including the Chinese unit of UK lender Standard Chartered Bank, for various violations of laws and regulations.
China Suspends Meat Product Imports from Certain Countries due to Animal Disease Concerns
China's Customs recently announced import suspensions on poultry products and other animal products from certain countries due to animal disease outbreaks. On the other hand, it also lifted a decade-long import ban on animal products from Colombia.
China Chip Group Issues Statement against U.S.-Japan-Netherlands Pact to Curb Trade
The China Semiconductor Industry Association (CSIA) issued a statement in response to a reported agreement between the governments of the United States, Japan and the Netherlands, and called for global defense of "the globalization of the semiconductor industry" and urged the Chinese government to provide a better "
China Adds Two U.S. Defense Firms to Unreliable Entity List
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 Extends Tariff Exclusions on Some U.S. Imports
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.
Local Governments in China Announce New Investment Plans
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 Starts Expiry Review for Anti-Dumping Duties on Indian Chemicals
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.