GREAT! Stop buying that crap from them.
“China to Impose Export Controls on Aviation Equipment, Technology”
“The export controls will start on July 1”
“China will impose export controls on billions of dollars of aviation equipment, technology and software, a move it said was aimed at enhancing national security.
The controls, beginning July 1, will apply to dozens of products including aircraft engines, gas turbine engines, astronaut helmet visors and a polyethylene fiber commonly used in bulletproof jackets, as well as various technologies, software and data used to develop them, China’s Commerce Ministry, customs agency and Central Military Commission said Thursday in a joint statement.
According to data from China’s customs agency, in the first four months of the year, the country exported roughly $7.2 billion of the products listed under the new controls, including about $1 billion to the U.S.
Exporters wishing to ship such products overseas will need to apply for an export permit, the joint statement said.
A Commerce Ministry spokesperson said the policy aims to “better serve national security,” adding that it isn’t intended to target any country or region.”
Peak China
“China Factory Activity Shrinks in Surprise Hit to Growth Outlook”
“China’s factory activity unexpectedly contracted in May, a warning sign from the area of the economy that Beijing is most reliant on to drive growth.”