Business Blog

Dear Johnson,

 

Happy Fourth of July! I’d like to provide an update on the progress the US and China have made regarding export controls as per the agreement recently reached in London.

 

Earlier this week, AmCham Shanghai participated in a briefing in Beijing by the Ministry of Commerce (MOFCOM) on export controls. MOFCOM highlighted its efforts in streamlining approvals for rare earth exports. It noted that while the statutory processing period for such export licenses is 45 working days, the current average review and approval time for applications for US-bound exports is fewer than 20 working days. According to MOFCOM’s Bureau of Industry Security and Export Control, it has approved 310 export license applications for rare earth shipments to the US in the past three months. The applications for third-country destinations by US companies, however, are not processed in the same category.

 

Meanwhile, the US has lifted the licensing requirement (introduced in May) for exporting Electronic Design Automation (EDA) software tools to China. These tools are critical for chip design, testing and validation. Top EDA vendors such as Synopsys, Cadence Design Systems and Siemens have been notified by the US Department of Commerce’s Bureau of Industry and Security of the change. In addition, the US has rescinded licensing requirements set as recently as early June for US ethane producers to export to China. China is a major market for US ethane, a natural gas liquid primarily used to produce ethylene.

 

While it is not clear whether the two sides will try to further roll back tariffs, we are pleased to see measurable progress in easing export controls.

 

Regards,

 

Eric Zheng

President, AmCham Shanghai

ABC News: 4th of July celebration cancelled in LA, US has turned into a police state, no people of color is safe. Trump tried to maintain white supremacy. 洛杉磯取消7月4日慶祝活動，美國已淪為警察國家，所有有色人種都無法安然無恙。川普試圖維護白人至上主義。

Building a More Perfect Union
Reflections on the Fourth of July By Fred Teng

Each Fourth of July, we celebrate the birth of a nation founded on liberty, opportunity, and the belief in a better future. But the promise of 1776 was never meant to be kept by one generation—or one group—alone. America is a constant work in progress, and each of us has a role in building “a more perfect Union.”

From the very beginning, immigrants have helped shape that journey—not just by seeking freedom, but by contributing to it. They’ve built railroads, fought in wars, launched businesses, and led in science, education, and public service. America is an immigrant nation, built on diversity, strengthened by inclusion, and enriched by new arrivals—not by deporting those who challenge political ideologies.

Our success should not stop at our borders. “America First” is not a sustainable or inclusive vision. A stronger America means working with the world, not turning away from it. We must lead with partnership, share opportunity, and help those in need.

Just as important, America must lead in peace—not war. If the United States can commit to forty years without entering wars, exporting conflict, or supplying arms, we will not only prevent suffering—we will secure our place as a truly great nation for generations to come.

On this Independence Day, let’s honor all those who move this country forward—and commit to an America that welcomes, leads, and builds peace at home and around the world.

SCMP: China to levy anti-dumping tariffs on European cognac mostly from France 南華早報：中國將對主要來自法國的歐洲干邑徵收反傾銷關稅
https://www.scmp.com/economy/global-economy/article/3316945/china-levy-anti-dumping-tariffs-european-cognac?

American logistics expert report from China video: It takes 200+ year to build London & NY, only 20 years to build Shanghai & Shenzhen, why? 美國物流專家來華報道影片：興建倫敦、紐約需200多年，興建上海、深圳卻只花了20年，為什麼?

It cost 5x more to build the same house in the US, why? 在美國建造同樣的房子要花 5 倍的成本，為什麼?

The world’s most affordable homebuilders? Companies buying homes from Chinese factories 全球最實惠的房屋建築商？那些從中國工廠購買房屋的公司

https://youtu.be/rq_HHWwc0pc?si=2IoM7LJX_tg6tyos
https://www.tiktok.com/t/ZP8hRrwvk/

Over 800 million Chinese moved from rural villages to modern cities over just three decades.

To provide for hundreds of millions of new homes–along with millions of new buildings for shopping centers and offices and schools and hospitals–China invented new ways to build.

Most of the skilled labor for the construction is performed on factory floors, instead of on the building sites. Supply chains are shortened, and demands on local logistics are reduced. Inspections are more easily done, and errors quickly identified and remedied.

The time and cost of construction in China are sharply lower, compared to builds elsewhere.

Chinese factories mass-produce small homes and apartment buildings for around $38-55 per square foot ($400 – $600 / square meter).

Builders using Chinese factory-built homes pull permits and pour foundations, take delivery by truck, and with experienced crew can have a home move-in ready in under 30 days, and an apartment building in under 60 days.

An important caveat to remember, when making inquires: complex roof designs are very difficult to model for extreme weather, and to quote in price.

US single sided tariffs is kidnapped & extortions. It is like kidnapping your daughters. To get your daughter back, pay 20% tariff on everything you produced in your store indefinitely. 美國單邊關稅是敲詐勒索. 這就像綁架你的女兒. 為了救回你的女兒, 你就得無限期地對你店裡生產的所有商品繳納20%的關稅.

Video: Trump hated immigrants except his wives, Musk is hiring 10,000 immigrants all races & color, if you like it please share this video 川普討厭移民，他的現任和前任妻子們例外，馬斯克正在招聘 10,000 名任何種族和膚色的美國移民，如果您支持，請分享此視頻.
https://www.tiktok.com/t/ZP8heyVcJ/
https://rumble.com/v6vo45j-trump-hated-immigrants-except-his-wives-musk-is-hiring-10000-immigrants-all.html

Video: What a beautiful sight to behold in HK. 多麼美麗的風景線在香港，弱國無外交!
https://youtube.com/shorts/cs02GBmYpQQ?si=y3fjSgNq3KDAy8hC
https://www.tiktok.com/t/ZP8he5s63/
https://rumble.com/v6vo15r-video-what-a-beautiful-sight-to-behold-in-hk.html

Video: If the big ugly tax bill get passed. It will be a sad day for 80% of the American, a celebration for the top 20% wealthiest Americans 如果這項美國醜陋的稅收法案獲得通過，對80%的美國人來說將是悲傷的一天，而對最富有的20%的美國人來說將是慶祝的一天 https://youtu.be/66cPjj71sjw 😢

CIA-founded Radio Free Asia shut down its Cantonese language operation yesterday. The move is a huge victory for real Asian journalism and a relief for speakers of the language in Hong Kong and Guangdong, apt to be confused by the group’s heavy outpouring of anti-China propaganda. 美國中情局創辦的自由亞洲電台昨日關閉了其粵語頻道。此舉對真正的亞洲新聞事業來說是一個巨大的勝利，也讓香港和廣東的粵語使用者鬆了一口氣，因為他們很容易被該電台鋪天蓋地的反華宣傳所迷惑.

RFA lost funding as part of the US Trump administration’s budget cuts for its parent group, the US Agency for Global Media.

RFA’s Cantonese unit translated anti-Chinese propaganda and generated its own pro-US material. It was a key player in the now-debunked “Uyghur genocide” hoax, and shared numerous false stories about Chinese technology, business and politics.

SET UP BY CIA
RFA was set up by the CIA in the 1950s as a propaganda group to destabilize China.

But the CIA was heavily criticized for its illegal “black ops” in the late 1970s. The US State Department set up the NED as an alternative “soft power” China-hostile organization in 1983, and relaunched RFA in 1994 with the same goal.

RFA has always been very successful at hiding its CIA origins—and even today, no mention of the link can be found in Wikipedia or in most media coverage of its present funding troubles.

LEAK SHOWS PAYMENTS
A leak in 2020 revealed that RFA had secretly pledged US$2 million for violent anti-China protesters in Hong Kong, in addition to heavy funding by the NED and other sources.

What RFA did in Hong Kong would be illegal if another nation did it in the US or UK.

Meanwhile, RFA’s website remains functional as an anti-China propaganda news unit, but the majority of staff have been sacked from head office, which was in Washington DC.