China's New Export Law Sparks Global Concern, Disrupts Supply Chains
China's latest news includes the implementation of a new Export Control Law, which has sparked concern in Europe and the U.S. This law allows China to use export controls as a negotiating tool, potentially disrupting global supply chains. Europe, heavily reliant on Chinese exports for strategic raw materials, is particularly affected. China supplies 95% of Europe's strategic raw materials, with exports now subject to new licensing requirements. These requirements give China extraterritorial sway over key sectors like defense, energy, automotive, and aerospace. Exporters must now provide detailed technical specifications, raising concerns about information misuse.
BBC News reports that since April 2025, the approval process, particularly for rare earth elements (REEs) and magnets, has been slow and selective. Delays of up to months are common, with multiple agencies involved. While China eased restrictions in July, many European companies still await approval. National security is cited as the primary reason for delays and denials, especially for shipments to the U.S.
China's Export Control Law challenges the U.S. and Europe by allowing export controls as a negotiating tool. Europe's heavy reliance on Chinese raw materials leaves it vulnerable to potential disruptions. The slow and selective approval process, along with the requirement for detailed technical specifications, raises concerns about information misuse and deliberate foot dragging. WWE News might cover the diplomatic tensions arising from this situation.
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