House Foreign Affairs, Financial Services panels move slew of China bills

Two House panels this week marked up and approved a series of China-focused bills, including one that would forbid the State Department from recognizing China as a developing country and another addressing U.S. exposure to China’s financial sector. The markups came the same day as three House hearings focused on U.S.-China policy, including the inaugural meeting of the House Select Committee on China -- all signs the GOP-led 118th Congress has prioritized the U.S.-China competition. The Foreign Affairs Committee, after...