US Rolls Out Major Export Control Expansion to Chinese Subsidiaries

The US Commerce Department will now treat any company at least 50% owned by a Chinese entity on the so-called "Entity List" as automatically subject to export controls. US officials say the change closes a major loophole and prevents diversion of sensitive technology through third countries. China’s Commerce Ministry called the move “egregious” and warned of disruption to global supply chains. Industries likely to feel the impact include chips, aircraft and medical equipment.