Japan announced export controls on four categories of cutting - edge technologies, aiming to prevent the diversion of technologies for military purposes and exacerbating global technology policy tensions.
The EU Launches an Investigation into Chinese Medical Device Procurement, Aiming to Break Market Barriers and Triggering New Tensions in China - EU Relations. China Criticizes It as Protectionism, While the EU Pursues Fair Competition.
The US Department of Commerce reviews Chinas use of open - source RISC - V chip technology, focusing on national security risks. RISC - V technology has become a focus of competition in the high - tech fields between China and the US, which may affect the Sino - US scientific, technological and trade relations.
: According to the IEA report, during the winter of 2023 - 2024, Europes natural gas imports from Russia increased by 25% year - on - year, and LNG imports also rose. Despite geopolitical tensions, Russian natural gas exports are expected to continue to grow in 2024.
IMF Asia-Pacific Department Director Krishna Srinivasan analyzed South Koreas economic outlook at a press briefing, predicting growth this year primarily due to strong global demand for high-end semiconductors. He also noted inflation and price volatility as challenges facing the South Korean economy.
The Office of the United States Trade Representative launched a 301 investigation into Chinas maritime, logistics, and shipbuilding industries. The China Council for the Promotion of International Trade responded that it will defend through legal channels. The Sino - US trade friction has intensified, affecting the global trade environment.
In March 2024, Shanghais exports to Russia plummeted by 21.7% year-on-year due to international sanctions, while imports from Russia grew by 9.79%. Meanwhile, trade performance with Central Asian countries varied, influenced by geopolitics and market demand.
Recently, the Biden administration has issued multiple negative signals, including raising tariffs on Chinese steel and aluminum products and strengthening economic sanctions against China. These measures could lead to serious political and economic consequences, further escalating trade tensions between the two nations.
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