Biden administration expands Trump-era investment ban on Chinese firms with alleged military ties; China customs names and shames foreign brands for importing defective children's products; and SAFE approves record QDII quota
CBIRC finalizes online lending rules requiring strict loan finance ratios; U.S. Chamber of Commerce warns of dire economic impact of decoupling; and China replaces U.S. as EU's biggest trading partner in goods
Sanctions and export controls remained the primary tools of the Trump administration for restricting Chinese entities' access to U.S. technology. The administration has fine-tuned export controls to extend U.S. jurisdiction to more transactions, a primary focus being Chinese companies with military ties due to China's state policy of military-civilian fusion.
China's military-civil fusion was a major target of U.S. sanctions and export controls in 2020. Chinese companies saw their access to U.S. technology severely restricted by the expanded extraterritoriality of export control rules as well as new lists compiled by various government agencies targetting specific Chinese military end-users.