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US-China tensions

China readies new law to ban companies on national security grounds

Rare earths, drones and other exports at risk as Beijing counters US Entity List

The Great Hall of the People in Beijing: The Standing Committee of China's parliament is set to debate a new export control law in a session starting Oct. 13.   © Reuters

BEIJING -- China is set to advance a new export control law that would ban Chinese suppliers from dealing with specific foreign companies on national security grounds, taking a page from the U.S. crackdown on Huawei Technologies and its peers.

The Standing Committee of the National People's Congress will deliberate on the legislation, which has a stated goal of protecting national interests, in a session starting Tuesday. The new law could be enacted as early as 2021.

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