THE WHAT? China has ushered in a series of export controls that will allow the government to ban the export of certain raw materials and technologies to named companies, according to a report published by Nikkei Asia.
THE DETAILS The law comes into force on December 1, shortly after the US election and allows China to ‘take countermeasures against any country or region that abuses export-control measures and poses a threat to China’s national security and interests’, Nikkei reports, quoting Xinhua News Agency.
THE WHY? The new law is equivalent, says Nikkei Asia, to the US Department of Commerce’s Entity List and, as such, can be seen as a retaliatory measure for the US sanctions imposed on China’s Huawei Technologies.