Mint Explainer: Will new US curbs foil China's tech ambitions?
- The US has put 31 Chinese firms on an “unverified list” which means American tech firms will face greater hurdles in doing business with these Chinese firms.
The US Department of Commerce has unveiled a sweeping series of new export controls on Chinese technology firms. Washington will heavily restrict the sale of key technology to Chinese firms and stymie their efforts to build a self-sufficient technology base. Experts believe it signals a major hawkish shift in US policy. Mint breaks down this development: