At yesterday's press conference, the spokesperson for China's Ministry of Commerce (MOFCOM) commented on the recent U.S. executive order that restricts outbound investment in China, and provided updates on the ongoing trade barrier investigation against Taiwan and China's export controls on gallium and

China's central government recently announced new measures to attract foreign investment. These measures cover policies related to market access, national treatment, data flows, and fiscal and tax support.

After the Biden administration issued an Executive Order and proposed rulemaking last week for restrictions on U.S. investment in China, several experts offered commentary on various aspects of the measures, including possible Congressional action, coordination with allies, and China's response.

Chinese officials pushed back against the new U.S. Executive Order that would curb certain outbound investment in China, calling it "blatant economic coercion and tech bullying" and vowing to take countermeasures.

Yesterday, the Biden administration announced the first steps towards executive branch action on restricting new U.S. investment in China in several sectors with a close connection to the development of military technology. Additional Congressional action in this area may follow soon.

Two recent business surveys show that over the first half of 2023, the majority of foreign companies are optimistic about the Chinese market. More companies reported revenue increases than companies reporting revenue losses, and among the latter, Americans firms experienced higher losses compared to other companies.

China's planning agency, the National Development and Reform Commission (NDRC), along with several other agencies, has published 28 measures to bolster the private economy. This is part of the central government's effort to send a signal to boost market confidence.