Yesterday, the U.S. Department of Commerce announced new export control rules that target China's semiconductor and AI industry, expanding the parameters and patching "loopholes" of existing export controls on chips and manufacturing tools.

Last Friday, the U.S. Commerce Department added 42 Chinese companies to the Entity List "for providing support to Russia’s military and/or defense industrial base." This came after it added 11 Chinese firms a week earlier.

During a press conference last week, China's Ministry of Commerce spokesperson He Yadong offered comments on the upcoming China-EU High-Level Economic and Trade Dialogue, China's outbound investment, trade disputes with Australia, and the implementation of export controls on gallium and germanium.

In reaction to recent reports of a new Huawei smartphone with advanced capabilities, member of Congress are pushing the U.S. Commerce Department to tighten semiconductor export controls even further.

During this week's trip to China, U.S. Commerce Secretary Gina Raimondo discussed export controls, China's business environment and U.S.-China trade relations at meetings with Chinese officials and made additional statements in media interviews. Here are some highlights of her statements.

U.S. Secretary of Commerce Gina Raimondo is visiting China this week and meeting with her Chinese counterpart. The meeting offered both sides a chance to discuss contentious issues, including export controls, and to create four new mechanisms for communication.

In advance of a planned trip by Commerce Secretary Gina Raimondo to China, a group of Republican members of Congress has sent a letter to Raimondo that presses her not to compromise on U.S. export controls, a move that should be interpreted mainly through the lens of U.S.