Friday, November 13, 2020

Merics — New export controls give China new weapon in tech war

The facts: China’s top legislative body on October 17 passed the country’s first unified export control law. The adoption by the National People’s Congress Standing Committee enables the government to control the export of items including dual-use goods as well as military and nuclear products to specific foreign entities. Other goods, technologies and services – and related data such as technical information – will also be subject to controls, unless they were granted by export licenses issued by the State Council and Central Military Commission. The law, which took three years to draft and will come into effect on December 1, could also have an effect beyond China: both domestic and foreign companies can face criminal penalties if they violate the new rules. Crucially, the law seems almost intentionally vague in talking about safeguarding China’s national security “and interests.” This could allow Beijing to retaliate against countries or companies it deems as having broadly violated its export controls....
Analysis follows. "What's good for the goose is good for the gander." Putting the West on notice.

New export controls give China new weapon in tech war

1 comment:

Peter Pan said...

Less competition is good for weapons manufacturers.