Navigating the New China Regulatory Consensus

Navigating the New China Regulatory Consensus

Publication

In an article published by Reuters, Marik String discusses the bipartisan consensus to decouple the U.S. and Chinese economies. 

Excerpt:

A rare bipartisan consensus has emerged in Washington to aggressively counter China's exploitation of U.S. technology, capital markets, and open investment environment to advance Chinese priorities viewed as contrary to U.S. interests, particularly its military modernization, extraterritorial claims, and threats to Hong Kong. This fall, the U.S. Congress and Executive Branch will consider new far-reaching legislation and enforcement tools that would implement this consensus and accelerate the so-called "decoupling" of the U.S. and Chinese economies.

Indeed, during this author's experience at the State Department over the last four years, new coordination mechanisms were critical, as China policy now permeates every functional and regional bureau across the department. The same is true across the U.S. government: even agencies focused principally on domestic affairs now must take account of new China-related requirements. This recalibration in U.S.-China relations has, in turn, left U.S. and global industries — from semiconductors and private equity to media and higher education — to confront novel compliance and risk management decisions.

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