China's Stance on Industrial Overcapacity
In response to U.S. Treasury Secretary Janet Yellen's discussion of Chinese industrial overcapacity last week, Vice Finance Minister Liao Min pushed back against Yellen's comments in a press conference. His responses suggest that there is disagreement between the two sides on the scope and seriousness
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* U.S. Treasury Secretary Yellen’s trip to China
* China’s new sanctions on two U.S. defense firms
In the U.S.:
* The first U.S..-China Commercial Issues Working Group meeting
* Second phase of US -Taiwan trade talks
U.S. Senator Calls for Ban on Chinese EVs
Yesterday, Senator Sherrod Brown (D-OH) called for the U.S. "to ban Chinese-made electric vehicles to protect Ohio autoworkers, and to combat the economic and national security threats posed by Chinese automakers."
Beijing Sanctions Two U.S. Firms for Taiwan Arms Sales
Today, China's Ministry of Foreign Affairs announced sanctions against two U.S. defense industry companies for their arms sales to Taiwan.
EU Imposes Provisional Anti-Dumping Duties on Flame Retardant Products from China
Earlier this week, the European Commission issued a provisional determination in an anti-dumping investigation on certain alkyl phosphate esters from China, setting duty rates that range from 45.1% to 68.4%.
China Pushes Back against EU Subsidy Investigations and Market Distortion Report
Today, officials from China's Ministry of Commerce discussed recent EU subsidy investigations against Chinese producers and an EU report on state-induced distortions in China's economy with their EU counterparts.
European Commission Updates Report on State-Induced Distortions in China’s Economy
Today, the European Commission published an updated report on "significant state-induced distortions" in the Chinese economy, which provides a basis for replacing distorted Chinese prices and costs in a particular sector with prices and costs from a third country with undistorted market conditions, as part of an anti-dumping