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Trade war

China's new export law takes effect, putting global businesses on edge

Uncertainty hangs over supply chains that rely on Chinese factories

Chinese President Xi Jinping visits a factory in Guangdong Province. Details of China's new export control law remain murky.   © Kyodo

BEIJING -- China put into effect Tuesday a new export control law that allows it to block shipments to foreign companies for national security reasons, adding to the challenge for U.S. President-elect Joe Biden in dealing with the world's second-largest economy.

The authorities had provided few details as of Monday on what products or companies would be subject to the new restrictions, which represent a countermove to U.S. sanctions.

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