From Business Report:
The United States late Friday slapped new restrictions on high-technology exports to China and moved to create a pool of so-called “trusted customers” within the Chinese business community who will be rewarded for compliance with US guidelines.
The measures, announced by the Commerce Department , came amid growing concern in the administration and Congress that China is using its booming high-technology trade with the United States to accelerate a massive military buildup that might undercut US interests in Asia.
The updated export control list that has been under consideration for more than a year covers a total of 20 product categories ranging from avionics to computer software. [Full Text]
See also an AP article on this topic.
