The U.S. House of Representatives Financial Services Committee held a hearing yesterday on "Combatting the Economic Threat from China." Issues that were discussed at the hearing included: bilateral trade, outbound and inbound investment related to China, Chinese lending, TikTok, and China's presence in Latin American

A Chinese investment in a North Dakota corn mill facility was formally approved by a U.S. federal government body last month, but there is continued political pressure to block the investment. A U.S. Air Force official has now weighed in with concerns.

At Friday's meeting of the WTO's Dispute Settlement Body (DSB), there were discussions of U.S. appeals of panel reports on complaints by Hong Kong and by China, both of which involved a U.S. invocation of national security as a defense.

At a meeting of the WTO's Council for Trade in Services on October 14, 2022, several trade issues involving China that had been raised previously were on the agenda again.

In a ruling circulated yesterday, a WTO panel sided with Hong Kong in a complaint filed against the United States in October of 2020, finding that U.S. requirements that products from Hong Kong be labelled as originating in China were inconsistent with the GATT and could not be justified

A Chinese regulatory agency recently finalized the new rules on data security in the industry and information technology sectors, which will come into force next year. The rules set forth requirements for data classification, data protection and cross-border data flows.

Three more U.S. states, as well as the U.S. Senate, have now taken action to ban the use of TikTok by government employees.