China has placed 10 U.S. entities with ties to the American defense sector on its export control list, escalating trade and technology tensions between the world's two largest economies. The move comes in response to recent U.S. actions that added several major Chinese companies to a list of firms Washington believes support China's military activities.
Among the companies added to China's export control list are MP Materials, USA Rare Earth, and Aveox, a manufacturer of specialized motors used in mission-critical applications. Chinese exporters are now prohibited from supplying dual-use goods and technologies to these companies.
China's Commerce Ministry said the measures were introduced to safeguard national security and national interests, while also fulfilling international obligations related to non-proliferation. The ministry stated that ongoing export activities involving the affected companies should cease immediately.
In a separate action, China's finance ministry announced restrictions on 46 additional U.S. companies. Chinese buyers will no longer be permitted to purchase products manufactured by these firms, although U.S.-funded enterprises operating within China will continue to be allowed to do business with them.
The latest measures follow recent actions by the United States, which added several prominent Chinese companies to a list of entities allegedly supporting Beijing's military modernization efforts. Those companies include Alibaba Group, Baidu, BYD, and NIO.
The reciprocal restrictions highlight the continuing deterioration in U.S.-China trade and technology relations, particularly in strategic sectors such as rare earths, advanced manufacturing, semiconductors, artificial intelligence, and defense-related technologies. Investors are likely to closely monitor whether additional sanctions or export restrictions emerge, as further escalation could affect global supply chains, critical minerals markets, and multinational companies operating in both countries.
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