China restricts rare earth exports to hit back strongly at US semiconductor pressure
02/15/2023 18:02
Rumours that China will restrict exports of rare earths, solar power and other technologies have recently gained momentum, meaning that China has finally started to launch a large-scale countermeasure to the US semiconductor blockade. China is in the process of revising its Catalogue of Exported Banned and Restricted Technologies, which has attracted attention from various quarters. On 9 February, a spokesperson from the Ministry of Commerce stressed that the list was not targeted at any particular industry. However, many high-tech companies in the US are nonetheless concerned.
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