China Lawmakers Pass Export Control Law Protecting Vital Tech

(Bloomberg) — China passed a new law on Saturday to restrict sensitive exports to protect national security, helping Beijing gain reciprocity against U.S. as tech tensions mount.



A circuit board sits on display in the exhibition hall at the Huawei Technologies Co. headquarters in Shenzhen, China, on Wednesday, March 6, 2019. Huawei, Chinas biggest smartphone maker, is using its financial and political clout to fight U.S. allegations that the company was involved in bank fraud, technology theft and spying


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A circuit board sits on display in the exhibition hall at the Huawei Technologies Co. headquarters in Shenzhen, China, on Wednesday, March 6, 2019. Huawei, Chinas biggest smartphone maker, is using its financial and political clout to fight U.S. allegations that the company was involved in bank fraud, technology theft and spying

The country’s top legislative body, the National People’s Congress Standing Committee, adopted the measure that applies to all companies in China, including foreign-invested ones, according to state broadcaster CCTV.

Souring ties between China and the U.S. had led Washington to take action against several Chinese companies including Huawei Technologies Co., ByteDance Ltd.’s TikTok app, Tencent Holdings Ltd.’s WeChat and Semiconductor Manufacturing International Corp. The new law provides a framework

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