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China slams US move to extend export controls to subsidiaries, vows countermeasures

( September 30, 2025, 02:47 GMT | Official Statement) -- MLex Summary: China's Ministry of Commerce voiced its opposition late Monday to the US Commerce Department's newly issued “piercing rule,” which extends export-control restrictions to subsidiaries owned 50 percent or more by companies on the US Entity List, calling the rule an abuse of national security concerns that disrupts global trade and supply chains. It described the measure as malicious, claiming it harms the legitimate rights and interests of affected enterprises, disrupts international trade and economic order, and undermines the security and stability of global industrial and supply chains. The ministry urged Washington to immediately correct its “wrongful practice” and warned that Beijing would take necessary steps to defend the interests of Chinese companies.The statement follows:...

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