May 31– June 06
China issues sweeping new outbound foreign investment regulations that mandate a nation security review of China-connected transactions even if they take place entirely offshore; Hong Kong police turn out in force on June 4 to prevent any public commemoration of the 1989 Chinese military attack on peaceful protesters in Beijing’s Tiananmen Square; Japan advances a bill that would criminalize desecrating the national flag; South Korea advances draft legislation to foster the country’s defense semiconductor industry; Taiwan’s political opposition proposes to limit how long acting agency heads can serve, potentially escalating the appointment standoff between the executive and legislative branches; US Secretary of State Marco Rubio says a proposed US $14 billion arms sale to Taiwan is under review, not paused.
