China passes new law restricting sensitive exports

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>China has passed a new law restricting sensitive exports to protect national security&comma; allowing Beijing to reciprocate against the US as tensions mount between the sides over trade and technology&period;<&sol;p>&NewLine;<p>The law&comma; which will apply to all companies in China&comma; was passed on Saturday by the National People’s Congress Standing Committee and will take effect on December 1&period;<&sol;p>&NewLine;<p>Under the law&comma; China can take &OpenCurlyDoubleQuote;reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests&period;<&sol;p>&NewLine;<p>Export controls under the law will apply to civilian&comma; military and nuclear products&comma; as well as goods&comma; technologies and services related to national security&period;<&sol;p>&NewLine;<p>A list of controlled items would be published &OpenCurlyDoubleQuote;in a timely manner” in conjunction with relevant departments&comma; according to the law&period;<&sol;p>&NewLine;<p><&excl;--Ads1--><&sol;p>&NewLine;<p>The new law allows Beijing to retaliate against the US&comma; which in recent months has attempted to block Chinese technology firms such as telecommunications gear supplier Huawei&comma; Bytedance’s TikTok app and Tencent’s messaging app WeChat on grounds of posing a national security threat&comma; including the data they may hold from operating in the country&period;<&sol;p>&NewLine;<p>Companies and individuals who endanger national security by breaching the new export control law&comma; including those outside of China&comma; could face criminal charges&period;<&sol;p>&NewLine;<p>Violations of the law&comma; such as exporting items without a permit&comma; could result in fines of five million yuan &lpar;£578&comma;038&rpar;&comma; or up to 20 times the business value of the illegal transaction&period;<&sol;p>&NewLine;<p>The new law adds to the growing uncertainty of Bytedance’s deal to sell its video app TikTok to US firm Oracle Corp&period;<&sol;p>&NewLine;<p><&excl;--Ads2--><&sol;p>&NewLine;<p>In August&comma; China added technologies including voice recognition&comma; text analysis and content recommendation to its list of regulated exports&period;<&sol;p>&NewLine;<p>US President Donald Trump had earlier ordered Bytedance to sell its American operations of TikTok to a US firm or face a block in the country&period;<&sol;p>&NewLine;<p>The new export control laws adds to China’s growing regulatory toolkit that allows it to take action against countries such as the US&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd3544353b5">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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