Extremely恶劣! The US released a penetrating export control rule, research institutions: will affect thousands of Chinese companies' subsidiaries
On September 29 local time, the U.S. Department of Commerce announced that the subsidiaries of enterprises on the U.S. "Entity List" would be automatically added to the so-called "blacklist". Specifically, according to the latest regulations of the Bureau of Industry and Security (BIS) under the U.S. Department of Commerce, if an enterprise on the "Entity List" has a subsidiary with more than 50% ownership, then its subsidiary will be subject to the same export control sanctions. For companies that have a minority but important equity stake in sanctioned enterprises, the new regulations also increase the due diligence requirements for cargo transportation.
Bloomberg reported the same day that the U.S. Department of Commerce's latest published regulations were "long-planned", aiming to prevent sanctioned enterprises (especially Chinese enterprises) from obtaining restricted U.S. goods through affiliated companies.
The UK's Financial Times reported the same day that the U.S. new regulations did not explicitly name China, but the targets included several Chinese enterprises. The U.S. Department of Commerce claimed that this move was to "close loopholes" to more effectively combat subsidiaries that deceive exporters through "transit schemes". The report emphasized that this new regulation is one of the first actions taken by the Trump administration after returning to power, in response to concerns about "Chinese acquisition of U.S. technology that may help the modernization of the People's Liberation Army."
In response, the Chinese Ministry of Commerce has solemnly responded that the nature of the U.S. move is extremely恶劣, and China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.
Original: www.toutiao.com/article/1844664336420875/
Statement: This article represents the personal views of the author