The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…

House Democrats defeated an effort by Republicans late Wednesday to require public disclosure of and potentially sanction “bad actors” in China’s forced labor abuses identified in U.S. firms’ supply chains. The motion to recommit introduced by Rep. Andy Barr (R-Ky.) the Democrats’ “ESG Disclosure Simplification Act” was defeated 218-208, with five Members not voting. Had…

Republican lawmakers expressed concern over the Biden administration’s China policies when Secretary of State Antony Blinken testified before a House Committee on Foreign Affairs hearing on March 10. Leading the criticism was Rep. Chris Smith (R-N.J.), who asked Blinken whether he would impose “a serious cost” on the Chinese Communist Party (CCP) over its human…

WASHINGTON—Soon after the November 2020 presidential election, the Federal Reserve declared climate change as a potential threat to financial stability and joined a network that advocates for using levers of financial regulation to address climate change. A group of Republican lawmakers are among critics who argue that central banks should not “weaponize” their authority to…