SHANGHAI (Reuters) – China handed a regulation limiting exports of managed objects, permitting the federal government to behave towards international locations that abuse export controls in a approach that hurt’s China’s pursuits, state media mentioned.
The Xinhua information report late on Saturday didn’t title any goal international locations, however the US final month angered Beijing with curbs on exports to Semiconductor Manufacturing Worldwide Corp <0981.HK>, China’s largest chipmaker, and it has taken numerous steps towards Huawei Applied sciences Co and different corporations.
China and the US have clashed over points together with commerce, human rights, know-how and the brand new coronavirus, which was first detected in China.
The brand new Chinese language regulation, handed on Saturday by the Nationwide Folks’s Congress Standing Committee, the nation’s high legislative physique, will take impact on Dec. 1, Xinhua mentioned.
Managed objects embody navy and nuclear merchandise, in addition to different items, applied sciences and companies and related information, in accordance with an announcement on the Nationwide Folks’s Congress web site.
It mentioned the regulation was “formulated for the aim of safeguarding nationwide safety and pursuits.”
In August, China’s commerce ministry issued a revised record of applied sciences which can be banned or restricted for export.
(Reporting by Emily Chow; Modifying by William Mallard)
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