US defends curbs on high tech exports to China – Mure Dickie and Edward Alden

From the Financial Times (link)

The US says a planned expansion of its controls on the export of high-technology goods to China will not be a burden for US companies, and has dismissed claims that its restrictions on high-tech exports are fuelling the trade deficit with China.

David McCormick, US undersecretary of commerce for industry and security, said in an interview with the Financial Times that the expanded controls would be handled in “in a very targeted way”, and that the department was certain they would “not place a burden on industry”.

The US is preparing to enact restrictions on the sale to China of 46 new types of products in 10 categories, including specialised chemicals, lasers, electronics and telecommunications, in case those products find their way into the hands of the Chinese military.

May 23, 2006, 8:18 AM
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Categories: Economy