The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein.

Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.

The Biden administration will restrict the use of a trade provision that lets China-founded e-commerce giants more easily ship to the U.S., a move that comes amid bipartisan pressure to close what critics regard as a loophole.

Chinese regulators have hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.

China halted some of PricewaterhouseCoopers LLP’s business for six months for its role in auditing China Evergrande Group.

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

China will raise its retirement age for workers, which is now among the youngest in the world's major economies, in an effort to address its shrinking population and aging work force. The Standing Committee of the National People’s Congress,

China to raise retirement age as pension pressure grows