State Administration for Market Regulation

China announced countermeasures against the U.S., including export controls on drones and a ban on dealings with six American entities, in response to U.S. restrictions. The measures target recent U.S. actions like the FCC drone import ban and the addition of 43 Chinese companies to the Uyghur Forced Labor Prevention Act entity list.

China announced countermeasures against the U.S., including export controls on drones and a ban on dealings with six American entities, in response to U.S. restrictions on Chinese drones and entities linked to forced labor. The measures aim to address what China calls violations of bilateral agreements and threats to its rights, with warnings of further sanctions if the U.S. imposes additional restrictions.

China’s State Administration for Market Regulation imposed a 5.2 billion yuan (US$765 million) antitrust penalty on Trip.com Group for monopolistic conduct, including abuse of its dominant market position. The regulator confiscated 1.658 billion yuan in illegal gains as part of the penalty.

Sam’s Club overhauled its executive team after Beijing raised concerns over frequent food-safety issues. Analysts question if the retailer will slow its China expansion to focus on localized supply chains.

Chinese authorities introduced draft regulations to address the misuse of subsidies by food-delivery platforms, banning practices such as market-disrupting subsidies and loss-selling. The proposed rules, open for public comment until July 17, aim to curb the sector’s intense competition.