wordpress blog stats
Connect with us

Hi, what are you looking for?

China passes new export control law to counter American aggression against its tech companies

Photo of Forbidden City in China

China is hitting back at the US and other countries with a new law that allows it to retaliate against countries that abuse export controls to the detriment of Chinese interests and national security. The new export control law passed by the highest Chinese lawmaking body also allows the country to restrict sensitive exports. The law comes in light of deteriorating ties between China and other countries — mainly the United States — which are putting restrictions on Chinese technology and investments. This includes India, which has banned as many as 224 Chinese apps, and has since been looking into investment proposals from that country with intense scrutiny. The law casts shadow on the partial sale of TikTok to American companies Oracle and Walmart, necessitated by US President Donald Trump's ordering Chinese ByteDance to divest from the company. Since this already-delayed and complicated deal involves the sale of Chinese technology, the country's government can theoretically use this law to block it. What is the China's new export control law? The Export Control Law passed by the National People's Congress's (NPC) Standing Committee is only available in Chinese. According to an English summary by NPC Observer, an independent blog that covers Chinese legislation, the law applies in the exports of military products, nuclear items, and "other items" such as technology and services related to " the safeguard of China's national security". All Chinese entities — domestic and foreign — will be subject to it. The law will come into effect on…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Starting now, YouTube videos may buffer or be unavailable if you're using ad-blocking apps.

News

During the antitrust lawsuit hearing, the jury had concluded that Google maintained an illegal monopoly in the Android app distribution market and the Android...

News

This development comes after the US Securities and Exchange Commission (SEC) approved Bitcoin ETFs earlier this year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ