US-China tech war: Beijing counters restrictions with new law to curb sensitive exports | WHAT REALLY HAPPENED

US-China tech war: Beijing counters restrictions with new law to curb sensitive exports

China’s national legislature passed a new law controlling the export of sensitive goods, services and technologies on Saturday in the latest move to counter escalating restrictions on Chinese technology companies by the United States.

The new law will make it more difficult for US and Chinese tech companies to do business in each other’s countries, in particular making it more difficult for Chinese firms to operate globally, analysts said.

The official Xinhua new service published a report on the new law late Saturday night, saying it will come into effect on December 1.

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