Beijing is calling on Washington to reverse its recent export restrictions targeting Chinese firms, after the U.S. Department of Commerce announced a new rule expanding its entity-list export curbs to subsidiaries at least 50% owned by a listed company. A Ministry of Commerce spokesperson slammed the move as an "unreasonable suppression" and vowed to defend the legitimate rights of affected enterprises.
Key Points:
- Broadened Restrictions: The new rule extends export curbs to any subsidiary at least 50% owned by a listed entity.
- Global Trade Impact: Beijing warns it could destabilize international trade and supply chains.
- China's Response: Officials pledge to take necessary measures to protect domestic companies and call for immediate rectification.
"The U.S. over-stretches the concept of national security," the spokesperson said, noting the rule will "severely undermine the legitimate rights and interests of affected enterprises."
As tensions escalate, global businesses are watching how Washington and Beijing will navigate this fresh chapter in tech policy. For entrepreneurs and investors, the decision marks another twist in a high-stakes battle over market access and supply chain resilience.
Reference(s):
China urges U.S. to cease unreasonable suppression of Chinese firms
cgtn.com
