At a press conference on Monday, several reporters pressed U.S. Treasury Secretary Janet Yellen on the Biden administration's strategy for addressing Chinese industrial overcapacity, in light of her comments about the issue during her visit to China.

Last week, Chinese MOFCOM officials led by vice minister Wang Shouwen visited the United States for the first vice-ministerial meeting of the bilateral Commercial Issues Working Group, a communication mechanism created last year.

Over the past few days, U.S. Treasury Secretary Janet Yellen has been in China, and during her trip she has raised a number of trade issues with her Chinese counterparts, with a focus on overcapacity and its impact on foreign markets.

On the sideline of the WTO's Ministerial Conference last week, U.S. officials and politicians met with Taiwan's trade officials to discuss upcoming trade talks and tax arrangements.

Yesterday, the Biden administration issued an executive order on "Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern," with China as a main country of concern.

President Biden has directed the Bureau of Industry and Security (BIS) at the Commerce Department to investigate potential national security concerns related to Chinese access to Americans' "connected vehicles."

In an Executive Order issued yesterday, the Biden administration announced a series of actions to address concerns related to the security of U.S. ports, with an emphasis on the threat posed by Chinese crane operators.