This week, China's State Council published a new action plan to renew the effort to attract foreign investment, highlighting policies in market access, data flows and government procurement.

At two press conferences today, Chinese government officials responded to the U.S. bill that would either force a divestment of TikTok or ban the app from the U.S. market, calling it unfair and vowing to take "all necessary measures."

At today's press conference on China's foreign policy, Chinese Minister of Foreign Affairs Wang Yi criticized the United States "unilateral sanctions list," as well as a conflicting message sent by the European Union on its relationship with China.

With all eyes on the 14th National People's Congress in Beijing this week, top Chinese officials attended a press conference on the economy today, where they highlighted work in intermediate goods, e-commerce, and green trade as the main ways to expand trade in the year to come.

As Chinese auto exports increase rapidly, the scrutiny by foreign governments may intensify. Beijing is likely to use a wide range of tools to fight back while continuing support for its auto industry.

At a Chinese Ministry of Foreign Affairs press conference yesterday, a spokesperson was asked about U.S. export restrictions on semiconductors, and responded with criticism of U.S. "coercion" and "bullying."

China's digitally delivered services trade grew 10.4% this year, and the cross-border e-commerce grew 14.4%.