Yesterday, the Biden administration issued a Final Rule on outbound investment restrictions, targeted at China and focusing on certain key technologies.

The U.S. Treasury Department recently sanctioned two Chinese entities for helping Russia to build drones. China's Ministry of Commerce pushed back today, claiming that China has "strict control measures" over dual-use drones.

Yesterday, the U.S. Department of the Treasury, which is the Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking that would "expand CFIUS’s jurisdiction over certain transactions by foreign persons involving real estate in the United States."

Earlier this month, the U.S. Treasury Department issued its semiannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."

A proposed rule issued by the U.S. Treasury Department provides additional details on an Executive Order issued by President Biden last year relating to U.S. investment in China in several sectors with a close connection to the development of military technology.

Last week, the U.S. government sanctioned 46 Chinese entities and individuals for supporting Russia's economy in the defense, technology and manufacturing sectors.

Last week, the U.S. Treasury Department issued its biannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."