China chip material export controls just the tip of the iceberg, warns official
China's move to restrict exports of two elements used in semiconductors has sparked concerns ahead of a visit to Beijing by the US Treasury Secretary, with one Chinese official warning that this is"just the beginning."that they were introducing export controls on gallium and germanium and some key compounds of both, such that anyone wishing to ship those materials abroad will first have to apply for a permit with the country's Ministry of Commerce.
This is most concerning because China is a major source of these materials, causing some to worry it could foreshadow a clampdown on other elements for which China controls much of the supply. In Brussels, the European Commission said it was assessing the potential impact on global supply chains and called on China to only employ export restrictions where there are clear security considerations, which is in line with World Trade Organization rules,"The Commission is concerned that these export restrictions are unrelated to the need to protect global peace and also stability and the implementation of China's non-proliferation obligations arising from international...
Officials in Tokyo were also said to be examining the impact of these latest export controls, with hints that Japan may take up the matter with the WTO, while Taiwan's deputy foreign minister said the new rules would likely serve as a spur for other nations to reduce their dependence on China for supplies of critical materials.
The US has yet to officially respond to the restrictions announced by the Chinese Ministry of Commerce on Monday, but Treasury Secretary Janet Yellen is due in Beijing on Thursday for talks that are aimed at thawing relations between the world's two largest economies.
Belgique Dernières Nouvelles, Belgique Actualités
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