China Studying Tech Companies' Reliance on US Suppliers, Report Says
China is studying its technology companies’ dependence on U.S. suppliers as it prepares for possible further escalations of the trade war, according to an Aug. 29 report in The Wall Street Journal. The moves also come as China reportedly plans…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
to formally introduce its so-called unreliable entity list (see 1908220046). China has examined its companies’ reliance on foreign suppliers during the last few months, The Wall Street Journal report said, as part of its long-term goal “of weaning itself off dependence on U.S. technology.” By conducting the survey, Chinese officials are trying to ensure its important companies aren’t significantly damaged by any retaliatory measures against the U.S., the report said. China has reached out to several of the country’s “best-known smartphone makers,” the report said: Xiaomi Corp., Oppo and Vivo.