Announcements
10/25/2016
Washington, DC - Today, the U.S.-China Economic and Security Review Commission released a report, entitled China’s Industrial and Military Robotics Development, which was prepared at the Commission’s request by Defense Group, Inc.. The report examines the growth of China’s robotics industries and its development of unmanned industrial, service, and military systems, such as drones and driverless cars. The report assesses the economic and national security implications of these trends for the United States.
10/25/2016
The report examines the growth of China’s robotics industries and its development of unmanned industrial, service, and military systems, such as drones and driverless cars. The report assesses the economic and national security implications of these trends for the United States.
10/14/2016
Testimony of the Honorable Dennis C. Shea, Chairman, U.S.-China Economic and Security Review Commission, before the House Space, Science, and Technology Committee, Subcommittee on Space on September 27, 2016.
10/07/2016
Highlights of this Month’s Edition: • Bilateral trade: U.S. deficit with China widens in August 2016 on higher imports, but cumulative deficit down year-to-date. • Bilateral policy issues: Under China’s presidency, leaders at the G20 Summit in Hangzhou pledged to strengthen macroeconomic policy coordination to maintain global growth, but failed to issue concrete proposals; the USTR is challenging China’s excessive government support for rice, corn, and wheat production at the WTO. • Policy trends in China’s economy: The decreasing efficiency of new credit, the speed with which China is accumulating debt, and the rise of nonperforming loans are contributing to China’s vulnerability to a banking crisis; McDonald’s and Yum! Brands to sell rights to operate in China as U.S. fast food restaurants face stagnant growth in China. • Sector focus – Rice, Corn, and Wheat: Chinese support for domestic farmers creates world’s largest stockpile of grain and may cost U.S. wheat farmers $650 million annually; U.S. rice farmers gain access to Chinese market for the first time; U.S. corn exports declined 91 percent from 2012 to 2015 as China blocked shipments of U.S. corn in 2014 and started diversifying its corn imports.
09/02/2016
Highlights of this Month’s Edition: • Bilateral trade: The U.S. goods deficit with China continued to slow in July as growth in U.S. imports from China declined.
• Bilateral policy issues: China hopes the G20 meeting focuses on maintaining economic growth and mobilizing funding for climate change and environmentally friendly growth. • Policy trends in China’s economy: The IMF warns of China’s rising debt levels in a new report; State Council approves plans for a Shenzhen-Hong Kong Stock Connect; China launches a $30 billion government-backed venture capital fund for industrial technology and pilots a limited program to allow SOE employees to own stocks. • Sector focus – Chinese distant water fishing: China’s distant water fishing fleet propped up by government subsidies that encourage excess capacity and overfishing, harming biodiversity.
08/08/2016
Highlights of this Month’s Edition: • Bilateral trade: Weaker imports cause the U.S. goods deficit with China to fall 5.7 percent year-on-year in the first half of 2016; U.S. service exports to China reach record high, buoyed by high Chinese tourism spending in the United States. • Bilateral policy issues: The United States and the EU fault China for lack of transparency at the WTO and cite concerns over delayed Chinese economic reform; the United States argues against granting China automatic market economy status in December; USTR is challenging China’s raw materials export restrictions at the WTO. • Quarterly review of China’s economy: In the second quarter of 2016, GDP growth held steady from the previous quarter at 6.7 percent as Beijing again turned to stimulus measures to boost the economy. • Policy trends in China’s economy: Chinese government approves debt-for-equity swap trials despite reservations from major banks; news portals shut down for violating China’s original news reporting prohibition. • Sector focus – Market barriers to U.S. drugs, medical devices, and medical services: China’s aging population drives expansion in the health industry, but numerous market barriers limit access for U.S. firms.
