China’s Ministry of Commerce announced on Thursday that it has added 28 U.S. companies to its export control list. Notable among these entities are General Dynamics and Boeing Defense, Space & Security.
The ministry stated that this move is intended to safeguard China’s national security and interests while fulfilling non-proliferation and other international obligations.
“The inclusion of these companies in the export control list is a necessary measure to protect our country’s security,” the ministry said in a statement. “It also reflects our commitment to international non-proliferation efforts.”
This development comes amid ongoing trade tensions between the United States and China. The addition of these companies to the export control list means they will face restrictions in their dealings with Chinese businesses, potentially impacting their operations.
Boeing Defense, Space & Security and General Dynamics are major players in the U.S. defense industry. The exact implications for these companies are yet to be fully realized, but the move signals a significant shift in China’s trade policies concerning U.S. defense firms.
The international community will be watching closely to see how this decision affects global trade relations and the broader geopolitical landscape.
Reference(s):
cgtn.com
