At a Council on Foreign Relations event today, Under Secretary of the Treasury for International Affairs Jay Shambaugh offered comments on "Chinese Overcapacity and the Global Economy."

In late June, a British appeals court ruled in favor of a claim by human rights groups that the UK government was not taking appropriate action under specific UK statutes to address concerns about products made in Xinjiang with forced labor.

Yesterday, the U.S. Department of the Treasury, which is the Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking that would "expand CFIUS’s jurisdiction over certain transactions by foreign persons involving real estate in the United States."

A U.S. Commerce Department investigation that will apply new transnational subsidy rules for the first time is underway, with Commerce asking the Chinese government for details about its subsidies in the solar sector related to production in Cambodia, Malaysia, Thailand, and Vietnam.

Chinese President Xi Jinping visited Tajikistan last week, vowing more cooperation between the two nations in new energy, mining, and trade.

This piece discusses an ongoing U.S. court appeal relating to a U.S. Commerce Department anti-dumping determination against tires produced by Pirelli, an Italian company that was acquired by a Chinese company.

Last month, China announced a new regulation on rare earths, tightening control over the industry.