Beijing Urges US to Reverse New Entity List 50% Rule
China's Ministry of Commerce this week criticized the Bureau of Industry and Security's new rule that introduced a 50% ownership threshold rule for the Entity List and Military End-User List (see 2509290017), saying the measure is "extremely egregious," "severely" damages the rights of affected companies and undermines global supply chains.
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"China urges the U.S. to immediately correct its wrongdoings and stop its unreasonable suppression of Chinese companies," a ministry spokesperson said Sept. 29 at a press conference in response to a reporter's question, according to an unofficial translation. "China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies."