8.9 C
Munich
Tuesday, October 20, 2020

China passes export-control law following U.S. moves

Must read

David Limbaugh: Amy Coney Barrett is not a conservative judicial activist, she’s an originalist

I won't pretend to be surprised by this, but Senate Democrats, knowing they don't have the power to stop Judge Amy Coney Barrett's confirmation to the Supreme Court, have turned the confirmation hearings into a campaign platform to smear President Donald Trump.The Democrats' approach to the hearings illustrates how disingenuous their professed commitment to preserve…

NYC banquet hall cited for huge party that violated coronavirus restrictions

New York City sheriff’s deputies shut down a catering hall they said was hosting an illegal party for more than 200 people who were not wearing coronarvirus masks or keeping six-feet apart.The COVID-19 enforcement action took place at the Queens Luxe Banquet Hall near Kennedy Airport at 1:35 a.m. Saturday, according to reports.“Patrons were not social…

Twitter removes top White House coronavirus adviser tweet claiming masks don’t work

Twitter removed a tweet from top White House coronavirus adviser Dr. Scott Atlas for questioning the effectiveness of masks in combatting COVID-19.Atlas’ tweet read "Masks work? NO" and preceded several others that questioned the use of face coverings in preventing the spread of the coronavirus. Atlas also used examples of areas where he had said 'cases exploded…

Daniel Allott: Biden vs. Trump – the unspoken issues costing Dems dearly in rural, industrial America

President Donald Trump and former Vice President Joe Biden discussed many important issues during their first presidential debate on September 29, but some of the most important ones weren’t even mentioned.The words “abortion,” “guns,” “marriage,” “religion” and “immigration” weren’t uttered at all. Which was odd, because these are the issues that animate millions of voters.And as…


Investing.com - Financial Markets Worldwide

No results matched your search

Economy3 hours ago (Oct 18, 2020 02:50AM ET)

© Reuters. A Chinese national flag is seen at a port in Beihai
© Reuters. A Chinese national flag is seen at a port in Beihai

SHANGHAI (Reuters) – China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm’s China’s interests, state media said.

The Xinhua news report late on Saturday did not name any target countries, but the United States last month angered Beijing with curbs on exports to Semiconductor Manufacturing International Corp (HK:), 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 on Saturday 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.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

David Limbaugh: Amy Coney Barrett is not a conservative judicial activist, she’s an originalist

I won't pretend to be surprised by this, but Senate Democrats, knowing they don't have the power to stop Judge Amy Coney Barrett's confirmation to the Supreme Court, have turned the confirmation hearings into a campaign platform to smear President Donald Trump.The Democrats' approach to the hearings illustrates how disingenuous their professed commitment to preserve…

NYC banquet hall cited for huge party that violated coronavirus restrictions

New York City sheriff’s deputies shut down a catering hall they said was hosting an illegal party for more than 200 people who were not wearing coronarvirus masks or keeping six-feet apart.The COVID-19 enforcement action took place at the Queens Luxe Banquet Hall near Kennedy Airport at 1:35 a.m. Saturday, according to reports.“Patrons were not social…

Twitter removes top White House coronavirus adviser tweet claiming masks don’t work

Twitter removed a tweet from top White House coronavirus adviser Dr. Scott Atlas for questioning the effectiveness of masks in combatting COVID-19.Atlas’ tweet read "Masks work? NO" and preceded several others that questioned the use of face coverings in preventing the spread of the coronavirus. Atlas also used examples of areas where he had said 'cases exploded…

Daniel Allott: Biden vs. Trump – the unspoken issues costing Dems dearly in rural, industrial America

President Donald Trump and former Vice President Joe Biden discussed many important issues during their first presidential debate on September 29, but some of the most important ones weren’t even mentioned.The words “abortion,” “guns,” “marriage,” “religion” and “immigration” weren’t uttered at all. Which was odd, because these are the issues that animate millions of voters.And as…

12-year-old boy makes ‘significant’ dinosaur discovery

A 12-year-old boy in Canada has found fossils that paleontologists have hailed as a “significant” dinosaur discovery.The discovery was made at Horseshoe Canyon in the Alberta Prairies, according to the Nature Conservancy of Canada.“In July, 12-year-old aspiring paleontologist Nathan Hrushkin and his father, Dion, discovered the partially exposed bones while hiking on the conservation site,”…