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Beijing hits back with export curbs on US firms

2026-06-22 HKT 11:07
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  • Rare earth magnetic powder and magnets come under the latest export-controls by Beijing to US firms. File photo: Reuters
    Rare earth magnetic powder and magnets come under the latest export-controls by Beijing to US firms. File photo: Reuters
The Ministry of Commerce announced on Monday that 10 US companies, including Aveox, have been added to the export control list in accordance with the nation's export-control law and regulations on export control of dual-use items.

The measure was taken to safeguard national security and interests, and fulfil international obligations such as non-proliferation, according to a statement from the ministry.

Effective as of the date of this announcement, export operators are prohibited from exporting dual-use items to the 10 entities that also include Red Cat Holdings, Teal Drones, Imsar, Jaia Robotics, Ball Aerospace & Technologies, Oshkosh Defense, L3Harris Maritime Services, MP Materials and USA Rare Earth, it said.

Aveox holds aerospace defence contracts with the US military and makes specialised motors for mission-critical applications while Oshkosh Defense produces military vehicle fleets.

Organisations and individuals from any country or region are prohibited from transferring or providing dual-use items originating in China to the above-mentioned entities. Relevant ongoing export activities shall be immediately halted, the ministry said.

China's new export controls come "in response to the US government's egregious act of adding to its so-called 'Chinese military enterprise list'", it said, adding that the move was also to safeguard national security.

The move comes a month after US leader Donald Trump visited Beijing, seeking to stabilise fraught relations during talks with President Xi Jinping.

However, Washington later released a new blacklist of 80 companies and their subsidiaries it said were aiding the Chinese military, prompting Beijing to threaten retaliation.

The Finance Ministry simultaneously announced a ban on agencies involved in public procurement from buying products made by 46 US firms, including Lockheed Martin, Raytheon and Boeing's defence division.

Companies with US investments in China are excluded, according to a statement from the Finance Ministry, which said measures would take effect from Monday.

The US blacklist saw tech giants Alibaba and Baidu added, as well as electric vehicle giant BYD. (Xinhua & agencies)


Edited by Aaron Tam

Beijing hits back with export curbs on US firms