China’s export controls only a start, more countermeasures possible if overseas restrictions on China escalates – former commerce minister
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China’s export controls only a start, more countermeasures possible if overseas restrictions on China escalates – former commerce minister
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China’s export controls only a start, more countermeasures possible if overseas restrictions on China escalates – former commerce minister

 

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China has announced export controls on some gallium and germanium products from August 1 and “the move is a well-thought-out heavy-handed strike that will not only panic some countries, but also make them feel the pain,” said Wei Jianguo, former Vice Minister of Commerce, in an interview with state media China Daily.

“This is just the beginning of China’s countermeasures, and there are many more measures and more types of sanctions. If overseas restrictions on China’s high technologies escalate further, China’s countermeasures will also escalate,” he said. 

“Any attempt to use hegemony to seek decoupling and break the supply chain, including suppressing Chinese companies, will end up lifting stones to smash their own feet,” he added.