This week, the United States and China continued to take action on commitments made during the leaders’ meeting in October.
Senior executives of USCBC member companies on Thursday met with Chinese Premier Li Qiang in New York. Members discussed market access issues and the need for a level playing field and predictable, stable business environment for US companies in China. They also highlighted the importance of ongoing dialogue between senior US and Chinese leaders.
With mandatory centralized traceability and monthly reporting requirements, the new rules grant regulators unprecedented oversight over supply flows and domestic profitability, with repercussions for global price stability.
On August 26, China’s State Council released guiding opinions on the implementation of China’s AI+ Action Plan over the next 10 years. The plan is China’s most comprehensive policy statement yet on embedding artificial intelligence throughout its economy and society, providing ministries, regulators, and local governments with key implementation goals. Target areas for AI integration include R&D, agriculture, industrial processes, and services.
President Donald Trump is expected to meet President Xi Jinping in Seoul next month on the sidelines of the Asia-Pacific Economic Cooperation leaders’ summit in what would be the first in-person interaction between the two presidents since 2019. The announcement came from Trump last Friday on Truth Social, following his phone call with Xi earlier that day.
On September 8, the National People’s Congress Standing Committee (NPCSC) reviewed the draft amendment to the existing Foreign Trade Law (FTL), which proposes expanding the law’s legislative objectives to include “safeguarding national sovereignty, security, and development interests.” The amendment also introduces provisions affirming that foreign trade should serve China’s broader economic and social development goals.
Top US and Chinese trade officials met in Madrid earlier this week, with TikTok the center of discussions. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer led the US delegation, while Vice Premier He Lifeng and Li Chenggang, China’s chief trade negotiator, led the Chinese side.
In a statement released on June 6, the Shanghai Stock Exchange pledged to guide listed companies to raise the share and frequency of dividend distribution, as well as to make better use of tools such as share buybacks, M&As, and investor engagement. The SSE is hoping the moves will boost confidence in Chinese assets and make the domestic capital market more attractive for long-term investment.
Trump issued an executive order last Friday modifying the scope of his reciprocal tariffs to expand exemptions for trading partners. It adds to the list of products exempted from these tariffs due their being impacted by pending or future Section 232 actions — such as certain critical minerals, chemicals, and solar cells — while removing other products like silicon, resin, and aluminum.
China’s National Development and Reform Commission (NDRC) is drafting the 15th five-year plan (FYP), which will loosely guide the country’s economic and social development from 2026 to 2030. Early signals from Politburo readouts, ministry-level research, scholars, and veteran FYP planners point to a focus on diversifying trade, deepening capital market access, and curbing industrial overcapacity.
