Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
China's Commerce Ministry announced on Thursday that, as of July 1, exports of technology and equipment related to aviation and aerospace will be restricted. According to a notice posted on the ministry's website, the move was made to protect national security and interests and to fulfil international responsibilities like non-proliferation. Export licences will be necessary for exports of goods classified under the new regulations.
The Central Military Commission's equipment development division and China's General Administration of Customs jointly announced the statement. According to the statement, equipment, software, and technology connected to engine manufacture, aircraft, aerospace engines, and structural elements would all be subject to export controls. In addition, they will have fixtures, moulds, tools, and other processing machinery needed to create specific materials like "superplastic," which is bonded with titanium, aluminium, and their alloys.
Beijing and Washington have both moved to limit exports of products, technology and equipment considered vital to national security. China has also imposed sanctions against some US aerospace and defence manufacturers to retaliate against sales of weapons to Taiwan, a self-governed island it claims as its territory.
The Commerce Ministry notice said the controls would also apply to technologies used in the development, manufacture, and use of the equipment, including design drawings, process specifications, process parameters, processing procedures, simulation data, and the like.
The overall impact of the move is unclear. China exports engine parts and other aircraft and space components. It also has developed its own jet engines. But it still relies on foreign suppliers for key parts of aircraft it has begun to produce using its own technology and manufacturers.
Also Read : China expected to take gradual approach to prop up economy further, say analysts Tesla deliveries face hit from China slowdown, soft demand
15 major producers of long products in China are calling on the authorities to take measures to limi...
Ferrous 03-Apr-2024
The BMC’s much anticipated project of constructing a bridge to connect Infiniti Mall in Malad...
Construction 11-Jan-2024
✅ US consumer confidence drops to a 12-year low, raising economic concerns.✅ Steel imports fluctua...
Business 02-Apr-2025
Aluminium prices on Monday declined by 0.17% to ₹202.20 per kilogram in the futures market as partic...
Non-Ferrous 12-Mar-2024
Coal production from captive and commercial mines increased 35% year on year to 39.53 million tonnes...
Energy 04-Jul-2024
1️⃣ Jindal Stainless' ₹40,000 Cr investment will boost domestic stainless steel capacity.2️⃣ The pla...
Business 28-Mar-2025