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Sep 20, 2022Read in browser | Subscribe
Biden expands inbound investment reviews

Photo credit: The White House, public domain, via Wikimedia Commons

 

Sep 15 | WSJ
 

Order expands scrutiny of investment in tech, supply chains

President Biden last week signed an executive order calling on CFIUS, a panel that screens foreign investment for national security risks, to heighten scrutiny of deals that may give China and other adversaries access to critical technologies or may endanger supply chains and personal data. More

More on Our Radar

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Happenings on the Hill

Newly Introduced Legislation

 

S.4821 | Sen. James Lankford (R-OK)
 

Security and Oversight for International Landholdings Act of 2022

A bill to increase oversight of foreign direct investment in agricultural land in the United States with special attention on Chinese and Russian landholdings. More
 

S.4824 | Sen. Robert Menendez (D-NJ)
 

North Korea Policy Oversight Act of 2022

To provide for proper oversight of North Korea policy, including oversight of Chinese actions with regard to North Korea. More
 

S.4834 | Sen. Ted Cruz (R-TX)
 

Taiwan Symbols of Sovereignty Act of 2022

A bill to permit visiting dignitaries and service members from Taiwan to display the flag of the Republic of China. More
 

S.Res 757 | Sen. Robert Menendez (D-NJ)
 

Expressing Support for the Sri Lankan People

A resolution expressing the sense of the Senate in support of the peaceful democratic and economic aspirations of the Sri Lankan people, highlighting Chinese debt trap diplomacy as an obstacle to those aims. More
 

H.R.8842 | Rep. Steve Chabot (R-OH)
 

Defense Articles and Services for Taiwan

A bill to authorize the transfer of certain defense articles and services to Taiwan. More

 

Congressional Calendar

The House and Senate are in session this week.
 

China-Related Committee Meetings


Sep 21 | 8:30am | HFAC Subcommittee on Asia, the Pacific, Central Asia, and Nonproliferation

Closed Members Briefing on China. More

 

Sep 21 | 2:15pm | Senate Foreign Relations Committee

Women Leaders Countering Authoritarianism. More

Administration

 

Sep 20 | Reuters
 

U.S. picks team to oversee $52.7 bln in semiconductor funding

Commerce Department chief economist Aaron "Ronnie" Chatterji will serve as White House Coordinator for CHIPS Implementation at the National Economic Council and will manage the work of the CHIPS Implementation Steering Council created by President Biden's chips executive order signed last month. More
 

Sep 19 | CNN
 

Biden again says U.S. forces would defend Taiwan against Chinese aggression

President Biden's comments reiterate a pledge to defend Taiwan that Biden has previously made, though Sunday he specified that “U.S. men and women” would be involved in the effort. The White House has been quick to downplay Biden's previous comments on Taiwan, reiterating that U.S. policy hasn't changed. More

Top News

Military & National Security

 

Sep 20 | WSJ
 

Chinese cargo-data network poses growing risks, U.S. analysis says

The U.S.-China Economic and Security Review Commission is urging legislators to strengthen U.S. defenses against China's growing control of digital information related to global shipping and cargo, warning it could undermine national security and businesses. More
 

Sep 15 | WashPost
 

U.S. general warns of China's expanding nuclear arsenal

President Biden's nominee to take over the U.S. military's nuclear arsenal and missile-defense operations, Air Force Gen. Anthony Cotton, warned on Thursday that China's rise as a nuclear power poses historic threats and challenges requiring a reevaluation of current policies. More
 

Sep 15 | Safeguard Defenders
 

Chinese transnational policing gone wild

Using new Chinese governmental data, a Safeguard Defenders report finds extensive online campaigns and the use of “Overseas Police Service Stations” in forcible repatriation operations on five continents. More
 

Sep 14 | NYT
 

Opinion: China is running covert operations that could seriously overwhelm us

China has acquired global economic and diplomatic influence, enabling covert operations that extend well beyond traditional intelligence gathering, are growing in scale and threaten to overwhelm Western security agencies, writes former director of operations and intelligence of Britain's Secret Intelligence Service Nigel Inkster. More  

 

Taiwan

 

Sep 20 | SCMP
 

Beijing may use Anti-Secession Law to seek Taiwan reunification, Chinese foreign minister says

Wang Yi said if the law is violated, Beijing will take 'resolute actions to safeguard the country's sovereignty and territorial integrity.' He also warned that the U.S. approach may have 'subversive impact' on ties, during meeting with former secretary of state Henry Kissinger. More
 

Sep 15 | Focus Taiwan
 

Taiwan lawmakers talk defense, trade with U.S. members of Congress

The delegation met with representatives including Republican Senators Mike Lee and Marsha Blackburn, as well as Representatives Darrell Issa and Mario Díaz-Balart. More
 

Sep 14 | Bloomberg
 

Senate panel approves $4.5 Billion weapons deal for Taiwan that makes Biden uneasy

A Senate committee last week approved legislation that would significantly enhance U.S. military support for Taiwan, including provisions for billions of dollars in additional security assistance. Although the White House says it supports some parts of the bill, Biden administration officials have said the bill risks upending the U.S.'s carefully calibrated “one China” policy. More
 

China-Russia

 

Sep 15 | NYT
 

Chinese support for Putin's war looks more shaky after summit

While Chinese officials have offered some lip service in recent months to Russia's message that the war in Ukraine was the West's fault, Mr. Xi did not repeat any of those lines in recent televised comments. He carefully avoided offering any endorsement of specific Russian policies, instead offering generalities about China's and Russia's view of the world. More


Sep 15 | CNN
 

Three ways China and Russia are forging much closer economic ties

Trade in bilateral goods is at record levels as China snaps up Russian oil and coal to tackle an energy crisis. Russia, meanwhile, has become a top market for China's currency, and Chinese companies are rushing to fill the vacuum left by departing Western brands. More
 

Geopolitics

 

Sep 20 | Reuters
 

Treasury official criticizes China's 'unconventional' debt practices

A top adviser to U.S. Treasury Secretary Janet Yellen will warned that China's foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing problems, lower growth, and underinvestment. More
 

Sep 20 | AP
 

On sidelines of UN, a push for China's abuses to be punished

The United Nations will be judged by how it addresses China's persecution of ethnic minorities, diplomats and human rights advocates charged Monday on the sidelines of the body's General Assembly, calling for forceful action after a report raised the specter of “crimes against humanity.” More
 

Sep 16 | NYT
 

In the 'Great Game' of Central Asia, China's leader seeks the advantage

Xi Jinping's visit to Central Asia this week sheds a light on his country's efforts to increase its sway in the vast, resource-rich region once considered Russia's domain. More
 

Sep 16 | Reuters
 

China-led SCO bloc agrees to expand trade in national currencies

The group - which comprises China, India, Russia and Pakistan alongside four Central Asian states - said "interested SCO member states" had agreed a "roadmap for the gradual increase in the share of national currencies in mutual settlements", and called for an expansion of the practice. More
 

Sep 16 | SCMP
 

As U.S. and China vie for Pacific influence and resources, New Caledonia can play an outsize role

The French territory holds 7.1 mln tonnes of high-grade nickel vital for making lithium-ion batteries to power electric vehicles. Pro-independence indigenous leaders are seeking more local control and closer ties with China. More
 

U.S. Multilateralism

 

Sep 14 | FP
 

Ambassador Thomas-Greenfield on U.S. priorities for UNGA

In a wide-ranging interview, U.S. ambassador to the UN Linda Thomas-Greenfield discusses the Biden administration's goals for the 77th UN General Assembly including increasing support for Ukraine and reforming the UN Charter. More
 

Sep 14 | Nikkei Asia
 

Taiwan takes center stage at international forum meant to rein in China

This week the Inter-Parliamentary Alliance on China, a group made up of legislators from 30 countries, will adopt a communiqué that focuses on supporting Taiwan and Ukraine, defending human rights, and strengthening democracies globally as well as the current international system. More
 

Tech Competition

 

Sep 14 | NYT
 

Lawmakers grill TikTok executive about ties to China

Senators repeatedly asked TikTok's COO Vanessa Pappas about whether the company would ever provide data about Americans to Chinese officials or delete content at their request. Ms. Pappas said that the company had never sent data to the Chinese Communist Party. More


Sep 14 | SCMP
 

Taiwan's semiconductor output to grow 20 per cent this year on chip-security concerns

The output value will reach about $157.3 bln in 2022, up about 20% over 2021. Taiwan provides more than 60% of all semiconductors ordered around the world. More  

Space & Science

 

Sep 16 | NYT
 

China's discovery of lunar mineral could add to fuller view of the Moon

Scientists found a single crystal of a new phosphate mineral named Changesite while analyzing lunar basalt particles, which were collected from the moon two years ago by the Chang'e-5 mission. More
 

Sep 15 | Nikkei Asia
 

U.S. needs satellite constellation to counter China: next space chief

The U.S. needs to establish a constellation of widely distributed satellites so that adversaries cannot take out vital communication systems in one blow, President Joe Biden's pick to serve as the next Space Force chief of operations told Congress last week. More
 

Business & Investment

 

Sep 19 | NCUSCR
 

Wang Yi meets with U.S. business and policy leaders

Business executives with member companies of the National Committee on U.S.-China Relations, the US-China Business Council (USCBC), and the U.S. Chamber of Commerce met with State Councilor and Foreign Minister Wang Yi in a private meeting on the sidelines of the United Nations General Assembly. More
 

Sep 15 | WSJ
 

Chinese investment flows to Silicon Valley venture funds

Chinese investment in U.S. venture-capital funds is flowing, demonstrating that economic ties between Silicon Valley and China remain deep despite political and national security risks, a new Foundation for Defense of Democracies report suggests. More
 

Sep 15 | WSJ
 

U.S. audit inspectors heading to China after landmark agreement

After months of intense negotiations, inspectors from the U.S. Public Company Accounting Oversight Board are preparing to travel to Hong Kong to begin reviewing the audit files of publicly traded Chinese companies. The U.S. accounting inspectors are expected to review the audit work papers of multiple companies including Alibaba Group Holding Ltd., Yum China Holdings Inc., NetEase Inc. and JD.com Inc. More
 

Sep 14 | Nikkei Asia
 

China moves to shut out foreign medical equipment makers

In response to central government directives, local governments in several Chinese provinces are directing hospitals to limit their use of medical and testing equipment to those produced domestically. This move is forcing multinational corporations to choose between leaving the market or handing over their core technologies. More
 

Trade & Commerce

 

Sep 15 | Bloomberg
 

China's envoy to U.S. warns against cutting nation out of EV chain

China's ambassador to the US warned against the potential risks of trying to cut China off, using a visit to the Detroit auto show to highlight the “intertwined” interests of the world's two biggest economies. More
 

Sep 13 | Reuters
 

U.S. weighs China sanctions to deter Taiwan action, Taiwan presses EU

Deliberations in Washington and Taipei's separate lobbying of EU envoys were both at an early stage – a response to fears of a Chinese invasion that have grown as military tensions escalate in the Taiwan Strait. More
 

Inside China

 

Sep 19 | Reuters
 

China plans easier border entry rules for some foreign tourists

The draft rules aim to make it easier for some foreigners to enter China for visits to tourism sites along the border. Travel groups organized by tour agencies in countries bordering China can choose their port of entry and exit "flexibly," the Ministry of Culture and Tourism said in a statement on Monday, without giving specifics on locations and dates. More
 

Sep 14 | Reuters
 

China poised to shake up economic leadership as reformers bow out

China's ruling Communist Party has set the stage for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down next month amid worsening growth prospects. More  

Midterm Elections

 

Sep 15 | New Yorker
 

China and the lore of American manufacturing

Anti-China rhetoric is increasing sharply in Ohio's senate race as candidates try to position themselves as protectors of U.S. domestic industry. More
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