Entries by admin

Didi, Uber yet to submit merger papers to ministry

The Ministry of Commerce said it hasn’t received business declaration from Didi Chuxing and Uber Technologies Inc though both companies announced merger Monday. Under the deal, Didi Chuxing agreed to acquire the China business of its rival Uber Technologies Inc. All businesses with large operation scale that may monopolize the market must submit business declaration […]

China FDA stops online med sales

Industry watchdog says that consumers’ interests could not be well safeguarded Chinese e-commerce giant Alibaba Group Holding Ltd has ceased online sales of medicines on its Tmall platform as the government tightens its control over the country’s nascent e-pharmacy industry. Tmall, the business-to-consumer site of Alibaba, told its online vendors that the site will stop […]

Citizen of China Sentenced to 15 Months in Prison for Trafficking in Counterfeit Computer Chips

Department of Justice U.S. Attorney’s Office District of Connecticut Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Daofu Zhang, 40, of Shenzen, China, was sentenced today by U.S. District Judge Robert N. Chatigny in Hartford to 15 months of imprisonment for conspiring to sell counterfeits of sophisticated integrated circuits to […]

Treasury Sanctions High-Ranking Government Security Official for Role in Violence in the Democratic Republic of the Congo

Action Targets Kinshasa Police Commissioner for Police Violence Against DRC Civilians WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a Congolese government official, Céléstin Kanyama, pursuant to Executive Order (E.O.) 13413, as amended by Executive Order 13671, which authorizes the designation of persons for specified conduct “contributing […]

2016 U.S.-China Strategic and Economic Dialogue Joint U.S.-China Fact Sheet – Economic Track

BEIJING – U.S. Treasury Secretary Jacob J. Lew and Chinese Vice Premier Wang Yang today concluded the economic discussions of the eighth U.S.-China Strategic and Economic Dialogue (S&ED). They were joined by leaders from 16 U.S. government agencies, and senior officials representing key Chinese ministries and agencies. Since its establishment in 2009, the S&ED has […]

Treasury Amends Burmese Sanctions Regulations, Identifies Blocked Companies Owned By Designated Persons, And Delists Several Burmese State-Owned Entities

Today, OFAC added a general license authorizing transactions related to U.S. individuals residing in Burma, extended and expanded an existing general license authorizing trade-related transactions, and updated an existing general license authorizing certain banking services.  As background, an OFAC license is an authorization to engage in a transaction that otherwise would be prohibited.  There are […]

NextGen Update: 2016

“NextGen is now. Collaboration between the FAA and the aviation community is enabling the NextGen transformation as never before, and industry and the flying public are reaping the benefits. The NextGen Update: 2016 provides an overview of where NextGen stands today, and where we’re going in the years to come.” Review the full update by […]

Commerce Preliminarily Finds Countervailable Subsidization of Imports of Circular Welded Carbon-Quality Steel Pipe from Pakistan

On April 4, 2016, the Department of Commerce (Commerce) announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of circular welded carbon quality steel pipe from Pakistan. The CVD law provides U.S. business and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market distorting effects […]

Commerce Initiates Antidumping Duty Investigation of Imports of Phosphor Copper from the Republic of Korea–Fact Sheet

On March 30, 2016, the Department of Commerce (Commerce) announced the initiation of the antidumping duty (AD) investigation of imports of phosphor copper from the Republic of Korea (Korea). The AD law provides U.S. businesses and workers with a transparent, quasi-judicial, and internationally-accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping […]