On February 21, 2025, the President of the United States issued a memorandum to members of his cabinet and other executive agency directors describing the administration’s investment policy. The statement begins by stating that investment policy is key to the country’s national and economic security. While investment by “allies and partners” can create jobs and wealth for the United States, investment by “foreign adversaries,” including China, is not in the national interest. The United States will establish new rules to prevent American companies and investors from investing in certain Chinese industries and will use all available legal tools to restrict PRC-affiliated individuals from investing in strategic sectors in the United States.

The memorandum raises many questions, among them: what might change as a result? What specific restrictions are likely to be imposed on inbound and outbound investment? In an interview conducted on February 28, 2025, Nicholas Borst, in conversation with Steve Orlins, discusses the implications of the policy for U.S.-China economic and trade relations.

About the speakers

Subscribe to the National Committee on YouTube for the video of this interview. Follow us on Twitter (@ncuscr), Instagram (@ncuscr), and LinkedIn.

China & the Hill is a weekly newsletter covering Washington DC’s China-focused debates, actions, and reactions. Readers will receive a curated digest of this week’s most pressing U.S.-China news and its impact on businesses and policy, and can listen to the top stories in podcast form on the U.S.-China Podcast.

China & the Hill is published by the National Committee on U.S.-China Relations, the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

China’s internet is famously walled off from the global web. Despite barriers including censorship and moderation practices, a unique Chinese digital ecosystem has flourished—and unexpectedly, attracted Americans.  The recent temporary exodus of TikTok users to RedNote presented a rare opportunity for American and Chinese peoples to digitally interact on a large scale, sharing views and opinions on the Chinese internet’s own turf. Why is China’s internet so different from the global internet and in what ways can it be a bridge, or barrier, for online exchange?

Yaling Jiang joins the National Committee in an interview recorded on February 9, 2025 to introduce China's internet, its evolution, and forms of censorship that exist within it.

Learn more about the speaker.

China & the Hill is a weekly newsletter covering Washington DC’s China-focused debates, actions, and reactions. Readers will receive a curated digest of this week’s most pressing U.S.-China news and its impact on businesses and policy, and can listen to the top stories in podcast form on the U.S.-China Podcast.

China & the Hill is published by the National Committee on U.S.-China Relations, the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

China & the Hill is a weekly newsletter covering Washington DC’s China-focused debates, actions, and reactions. Readers will receive a curated digest of this week’s most pressing U.S.-China news and its impact on businesses and policy, and can listen to the top stories in podcast form on the U.S.-China Podcast.

China & the Hill is published by the National Committee on U.S.-China Relations, the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

In January 2022, Hasani Arnold began sharing his experiences on social media as one of just a few hundred American students in China during the COVID pandemic. Since then, he has found an audience as a cross-cultural content creator, showing both American and Chinese audiences what they might not know about each other. Hasani’s educational experiences opened the door for him to compare and comprehend societal, cultural, and linguistic differences between the two countries. 

Hasani Arnold joins the National Committee in an interview recorded on February 6, 2025 to share his story as a Black student in China and content creator in the Chinese-language social media space.

Learn more about the speaker and watch the YouTube video here: https://www.ncuscr.org/video/navigating-china-as-a-black-student-content-creator/ 

Follow Hasani on social media: TikTok - https://www.tiktok.com/@hasaniarnold?lang=en  Instagram - https://www.instagram.com/hasani_arnold/?hl=en  YouTube - https://www.youtube.com/channel/UCcx8LqthPva_AU_N0GGQMng 

On January 10, 2025, DeepSeek, a Hangzhou-based artificial intelligence (AI) platform founded in 2023, released its first free chatbot app, which is said to match the capabilities of models from its U.S. counterparts, including OpenAI and Google, while using a fraction of their computing power. This milestone underscores China’s rapid AI progress despite U.S. restrictions on advanced semiconductors, potentially narrowing the technological gap between the two countries and challenging U.S. dominance in the field.

With AI being a key area in technological development and trade, understanding the dynamics of this race is more urgent than ever. On February 4, 2025, Kevin Xu and Jimmy Goodrich join Lizzi Lee to discuss the implications of China’s AI advances and the future of U.S.-China AI competition. 

About the speakers: https://www.ncuscr.org/event/deepseek-and-us-china-ai-competition/ 

Subscribe to the National Committee on YouTube for the video of this interview. Follow us on Twitter (@ncuscr), Instagram (@ncuscr), and LinkedIn.

China & the Hill is a weekly newsletter covering Washington DC’s China-focused debates, actions, and reactions. Readers will receive a curated digest of this week’s most pressing U.S.-China news and its impact on businesses and policy, and can listen to the top stories in podcast form on the U.S.-China Podcast.

China & the Hill is published by the National Committee on U.S.-China Relations, the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

China & the Hill is a weekly newsletter covering Washington DC’s China-focused debates, actions, and reactions. Readers will receive a curated digest of this week’s most pressing U.S.-China news and its impact on businesses and policy, and can listen to the top stories in podcast form on the U.S.-China Podcast.

China & the Hill is published by the National Committee on U.S.-China Relations, the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

This episode includes a soundbite from Secretary of State Marco Rubio via The Megyn Kelly Show, January 2024.

Join Kevin Xu, founder of Interconnected Capital, and Zhan Xianyuan, Assistant Professor at the Tsinghua University Institute for AI Industry Research, as they discuss the future of U.S.-China AI competition and collaboration. This discussion is moderated by Liu Xin, Senior Host at China Global Television Network (CGTN).

This dialogue was part of the 2024 U.S.-China People’s Dialogue, which took place in Beijing on November 21, 2024. See full bios and learn more about the event: https://www.ncuscr.org/2024-us-china-peoples-dialogue/

For decades, China’s reform and opening-up era brought economic growth, political stability, and greater openness to both ideas and investment from the outside world. But in recent years, the country has shifted into what Professor Carl Minzner describes as an "age of counterreform." What defines this new era, and how are China's leadership and society adapting? 

In an interview recorded on November 21, 2024, Carl Minzner joins the National Committee to discuss the evolution of political norms, the future challenges China will face, and the return to centralized party control under Xi Jinping’s leadership.  

About the speaker: https://www.ncuscr.org/video/counterreform-carl-minzner/ 

Subscribe to the National Committee on YouTube for the video of this interview. Follow us on Twitter (@ncuscr), Instagram (@ncuscr), and LinkedIn.