China applies trade limits on US firms
China has imposed new trade restrictions on dozens of American companies in response to the list of sanctions issued by the U.S. Department of Defense against Chinese firms. The measures included excluding 46 American companies from participating in government procurement projects and adding 10 industrial suppliers to the export control watchlist to prevent the export of dual-use materials to them. This move comes amidst escalating trade and strategic tensions between the two countries, but analysts largely consider it to be symbolic. Meanwhile, China announced its intention to protect the rights of its affected companies.
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