China has introduced export control regulations for dual-use items, goods that can be used for civilian and military purposes, as President Xi Jinping prepares for a trip to Russia. The regulations come amid increasing U.S. sanctions on Chinese firms accused of supplying dual-use technology to aid Russia's war effort in Ukraine. The controls aim to enhance national security, promote global cooperation on non-proliferation, and strengthen oversight of dual-use exports. Chinese foreign ministry spokeswoman Mao Ning reiterated China’s opposition to U.S. sanctions and affirmed that China does not supply weapons to Russia or Ukraine. The new measures will implement a licensing system, requiring exporters to disclose the final users and the intended use of the restricted items.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02China has introduced export control regulations for dual-use items, goods that can be used
00:07for civilian and military purposes, as President Xi Jinping prepares for a trip to Russia.
00:12The regulations come amid increasing U.S. sanctions on Chinese firms accused of supplying
00:17dual-use technology to aid Russia's war effort in Ukraine.
00:21The controls aim to enhance national security, promote global cooperation on nonproliferation,
00:26and strengthen oversight of dual-use exports.
00:29Chinese Foreign Ministry Spokeswoman Mao Ning reiterated China's opposition to U.S.
00:34sanctions and affirmed that China does not supply weapons to Russia or Ukraine.
00:39The new measures will implement a licensing system requiring exporters to disclose the
00:43final users and the intended use of the restricted items.
00:46For all things money, visit Benzinga.com slash GSTV.