US to boost high-tech trade with China – Beijing Time

From Beijing Time via China Economic Net:

The United States said it would revise laws to facilitate export of sensitive high technology equipment to China under a new policy designed to prevent such products from being used for military purposes.

The new policy will spare the need for US exporters in critical sectors such as semiconductor equipment and electronics to apply for licenses for sales to companies in China.

It will also ensure closer scrutiny of key technology purchasers in China, a senior US Department of Commerce official said. [Full Text]

June 10, 2006, 7:26 AM
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Categories: Economy