Disclaimer:

Some parts of this website are currently undergoing development, but exciting updates are on the way. Stay tuned for an exhilarating experience that will keep you captivated! Fair winds and following seas, The DST.news Team.
1 2 3 18
Home > All news > Shipping > China passes new Export-control law restricting sensitive Exports, following US move

China passes new Export-control law restricting sensitive Exports, following US move

October 20, 2020
Reading Time: < 1 minute
BEIJING: China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harms China’s interests, state media said.
 
The Xinhua news report did not name any target countries, but the United States last month angered Beijing with curbs on exports to Semiconductor Manufacturing International Corp, China’s biggest chipmaker, and it has taken various steps against Huawei Technologies Co and other companies.
 
China and the United States have clashed over issues including trade, human rights, technology and the new coronavirus, which was first detected in China.
 
The new Chinese law, passed recently by the National People’s Congress Standing Committee, the Country’s top legislative body, will take effect on Dec. 1, Xinhua said.
 
Controlled items include military and nuclear products, as well as other goods, technologies and services and relevant data, according to a statement on the National People`s Congress website.
 
It said the law was “formulated for the purpose of safeguarding national security and interests.”
 
In August, China`s commerce ministry issued a revised list of technologies that are banned or restricted for export.
FOLLOW US ON SOCIAL MEDIA
Today's News
Follow us
facebook | DST NewsTwitter | DST NEWSlinkedin | DST NEWSInstagram | DST NEWSYouTube | DST NEWS
© DAILY SHIPPING TIMES
Back
Home
crosschevron-down

You cannot copy content of this page

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram