Biden Administration's Expansion of Control over Foreign Land Purchases Near U.S. Bases

The Biden administration is expanding the Treasury committee's ability to control foreign land purchases near U.S. bases, particularly focusing on Chinese companies. The new rule utilizes a 2018 law to protect nearly 60 military installations from potential threats.

Xi Jinping Meets with U.S. Business Leaders to Attract Foreign Investment

Chinese President Xi Jinping met with a group of U.S. business leaders to attract foreign investment back into China's economy, promising stability and regulatory transparency. Xi's personal appearance at the meeting was unusual. China has seen a decline in foreign investment due to various factors. Xi's regime is trying to counter the trend of de-risking by Western businesses shifting to other countries. The meeting aimed to improve U.S.-China relations and reassure American investors.

Expansion of Government Foreign Investment Reviews

The White House is implementing more sanctions on Russia to make Putin "feel pain." U.S. lawmakers are introducing legislation to expand government foreign investment reviews, specifically targeting real estate purchases by foreign entities of concern including China, Russia, Iran, and North Korea.

Chinese Premier announces economic measures

Chinese Premier Li Qiang announced measures to boost the economy, including fiscal austerity and 5% economic growth target. China aims to create 12 million new urban jobs and relax restrictions on foreign investment. The defense budget will increase by 7.2%.

China's New State Secrets Law

China expands state secrets protections to include 'work secrets' in new law, raising concerns about potential overzealous identification of information and limiting public right to know. The law also adds restrictions on overseas travel for individuals working with state secrets.