Sec. 122. Review of trade and economic engagement globally of the People’s Republic of China
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/bill/117/hr/3524/rh/section-122·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 180 days after the date of the enactment of this Act, the Secretary of State, in coordination with the United States Trade Representative and the Secretary of Commerce, shall submit a report to the appropriate congressional committees that describes the global trade and investment diplomacy and engagement of the People’s Republic of China
(PRC)over the past decade, including any bilateral or plurilateral trade and investment agreements it has signed, and their impact on the United States economy, American companies and workers, as well as on the countries that have entered into agreements with the PRC and the global economy as a whole. The report shall include the following: A survey and comparison of the PRC’s international economic practices, which will— provide an overview of the PRC’s distortive trade policies; list the PRC’s trade and investment agreements globally, both agreements it has signed or entered into and any ongoing negotiations it has with individual countries or groups of countries; detail the other mechanisms the PRC uses to advance its international economic objectives, including economic and commercial dialogues and BRI related activities; compare the United States and Chinese approaches and priorities on trade and investment with major global economies, United States allies, and for each region of the world; and outline what further steps the PRC may take in the Indo-Pacific region to bolster its economic position and influence. An evaluation of the impacts of the PRC’s trade and investment policies, including— the impact of these trade and investment agreements on the PRC’s economy, with a focus on its trade and investment profile, the impact on the PRC’s economic growth and per-capita income, and the impact on the profitability and market share of Chinese companies and SOEs; the impact of these agreements on the PRC’s political and diplomatic relations with the countries it entered into agreements with and by region; and the impact of the PRC’s trade and investment relationships with other countries on the market share of United States companies.