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ARTICLE · 05 MARCH 2024

2023: A Review Of Foreign Sanctions And Export Control Developments Involving China

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In June 2023, the Five Eyes partners agreed to deepen cooperation on export control enforcement, underscoring the sustained commitment of the U.S. and its allies to prioritize actions...

ChinaInternational Law
Eddie Lam
Eddie Lam
Jiayan Xu
Jiayan Xu
Kalu Chen
Kalu Chen
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In June 2023, the Five Eyes partners agreed to deepen cooperation on export control enforcement, underscoring the sustained commitment of the U.S. and its allies to prioritize actions related to sanctions and export control regulations. Rfencing has emerged as a critical strategy for multinational companies navigating escalating tensions between the world's two largest economies. Heightened risks are particularly noticeable within the high-tech supply chain and finance sectors.

Throughout 2023, updates to sanctions and export control regulations related to China concentrated on sensitive technologies, along with designations pertaining to Russia and Iran. The Chinese government has implemented ongoing countermeasures in response to these developments.

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