September 16, 2024

Taylor Daily Press

Complete News World

China reacts strongly to US addition to export control list

China reacts strongly to US addition to export control list

The Chinese Ministry of Commerce has taken a tough stance pronounced Against the US decision to add several Chinese companies to its Russia-related export control list. The move comes after the United States on Friday added 105 Russian and Chinese companies, including 42 Chinese companies, to its trade sanctions list.

These companies were targeted for various reasons, for example, shipping US electronics to Russian military parties or producing thousands of Shahed-136 drones for use in Russia’s invasion of Ukraine. Adding these companies to the export control list will have far-reaching effects on global trade. US suppliers must apply for special permits to ship goods to these companies, leading to delays and higher costs.

The Chinese answer

China’s Ministry of Commerce has condemned the US move, saying it disrupts the international trade order and disrupts normal economic exchanges. The Chinese government has pledged to take all necessary measures to protect its companies and ensure they continue to operate freely in the global market.

The Chinese government is determined to protect companies from what it sees as unfair and arbitrary decisions. The move could escalate tensions between China and the US.

Key takeaways

• China strongly opposes the inclusion of Chinese companies on the US export control list.
• The move disrupts the international trade order and hinders normal economic exchanges, China says.
• The Chinese government is determined to protect companies from what it considers an unfair and arbitrary decision

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