China Boosts Pressure Toolkit Under Trump Truce — SkimNews
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- China enacted laws in October 2023 to punish foreign entities that shift supply chains away from China, expanding its economic leverage.
- China tightened rare earth licensing and banned foreign AI chips from state‑funded data centres in April 2024, signaling broader technology restrictions.
- Premier Li Qiang signed two new regulations in April 2024 granting authorities powers to investigate foreign firms and enforce extraterritorial jurisdiction, including asset seizures.
- US Treasury Secretary Scott Bessent warned in mid‑April 2024 to sanction buyers of Iranian oil, prompting China to consider curbs on solar equipment exports to the US.
- Yuyuan Tantian (CCTV‑affiliated account) framed the regulations as legal countermeasures two days after Bessent's warning, indicating state‑media support for the new toolkit.
Why it matters: US firms lose leverage as China’s new regulations, effective April 2024, let authorities seize assets and bar foreign tech, while the trade truce ends November 2026, forcing costly supply‑chain shifts.
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