The European Commission adopted a new document that sets up a deadline for Member States to conduct risk assessments on multiple critical technologies, including AI, advanced chips and manufacturing equipment, as well as quantum computing, with potential export controls and investment restrictions to follow.

After an announcement by European Commission President Ursula von der Leyen several weeks ago that the Commission would launch an anti-subsidy investigation on imports of Chinese battery electric vehicles (BEVs), the Commission has now formally initiated the investigation and issued key documents in the case.

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.