SEC. 2. CHINA ECONOMIC DATA COORDINATION CENTER. 
(a) IN GENERAL.—The Secretary of Commerce, in 
coordination with the Secretary of the Treasury, shall es-
tablish within the Bureau of Economic Analysis of the De-
partment of Commerce a China Economic Data Coordina-
tion Center (in this section referred to as the ‘‘Center’’). 
(b) DUTIES.—The Center, in coordination with the 
heads of other relevant Federal agencies and the private 
sector, shall collect and synthesize official and unofficial 
Chinese economic data on developments in China’s finan-
cial markets and United States exposure to risks and 
vulnerabilities in China’s financial system, including— 
(1) data on baseline economic statistics such as 
gross domestic product (GDP) and other indicators 
of economic health; 
(2) data on national and local government debt; 
(3) data on nonperforming loan amounts; 
(4) data on the composition of shadow banking 
assets; 
(5) data on the composition of China’s foreign 
exchange reserves; 
(6) data on bank loan interest rates; 
(7) data on United States retirement accounts 
tied to Chinese investments; 
(8) data on China’s exposure to foreign bor-
rowers and flows of official financing for China’s 
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Belt and Road Initiative and other trade-related ini-
tiatives, including data from the Export-Import 
Bank of China, the China Export and Credit Insur-
ance Corporation (Sinosure), and the China Devel-
opment Bank; 
(9) data on sovereign or near-sovereign loans 
made by China to other countries or guaranteed by 
sovereign entities; and 
(10) data on Chinese domestic retirement ac-
counts and investments. 
(c) BRIEFINGS.—The Center shall provide to the ap-
propriate congressional committees and the private sector 
on a biannual basis briefings on implementation of the du-
ties of the Center. 
(d) REPORTS AND PUBLIC UPDATES.— 
(1) REPORTS.— 
(A) IN GENERAL.—The Center shall sub-
mit to the appropriate congressional committees 
on a quarterly basis a report in writing on im-
plementation of the duties of the Center. 
(B) MATTERS TO BE INCLUDED.—The re-
port required by this subsection shall include— 
(i) key findings, data, the research 
and development activities of the affiliates 
of United States multinational enterprises 
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operating in China, and a description of 
the implications of such activities for 
United States production, employment, 
and the economy; and 
(ii) a description of United States in-
dustry interactions with Chinese state- 
owned enterprises and other state-affiliated 
entities and inbound Chinese investments. 
(2) PUBLIC UPDATES.—The Center shall pro-
vide to the public on a monthly basis updates on im-
plementation of the duties of the Center. 
(e) RECOMMENDATIONS
AND
STRATEGIES.—The 
Secretary of the Treasury, using data collected and syn-
thesized by the Center under subsection (b) and in con-
sultation with the Center, shall— 
(1) develop recommendations and strategies for 
ways in which the United States can respond to po-
tential risks and exposures within China’s financial 
system; and 
(2) submit to the appropriate congressional 
committees a report that contains such recommenda-
tions and strategies. 
(f) APPROPRIATE CONGRESSIONAL COMMITTEES DE-
FINED.—In this section, the term ‘‘appropriate congres-
sional committees’’ means— 
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(1) the Committee on Foreign Affairs, the 
Committee on Financial Services, and the Com-
mittee on Energy and Commerce of the House of 
Representatives; and 
(2) Committee on Foreign Relations, the Com-
mittee on Banking, Housing, and Urban Affairs, 
and the Committee on Commerce, Science, and 
Transportation of the Senate. 
Æ 
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