China To Set Up Technology Security Management System Amid US Huawei Ban

Posted: Jun 8 2019, 8:18am CDT | by , Updated: Jun 8 2019, 8:21am CDT , in Technology News

 

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China to set up technology security management system amid US Huawei ban
Photo by Sai Kiran Anagani on Unsplash

The move could limit some technology exports to the U.S.

China is looking to develop a new security management list system that will be targeted at mitigating risks to the country’s national security, state-run news agency Xinhua reported.

The press agency, which is backed by the People’s Republic of China, said the move aims to "more effectively forestall and defuse national security risks.”

Apart from national security, the system will also focus on other related laws and regulations, the report said, citing the country’s National Development and Reform Commission.

Meanwhile, the move is seen by some news outlets, including Bloomberg and Reuters, as a retaliation by Beijing over the ban on Huawei Technologies’ products. Huawei is one of China’s biggest global companies with a massive reach, and a suppression by the U.S. could potentially have a big impact on the country’s economy and security.

Apart from Huawei’s woes, China has also been in a monthslong trade war with the U.S., with both nations threatening to impose large tariffs on each other’s imports.

The Hu Xijin, the editor-in-chief of Chinese tabloid The Global Times, an affiliate of Communist Party’s People’s Daily, took to Twitter to support the validity of the Xinhua report without saying how he obtained the information. He said the move will “counter U.S. crackdown.”

“Once taking effect, some technology exports to the U.S. will be subject to the control,” Xijin said.

Earlier this week, the Chinese government ordered major tech companies in the country about dire consequences that they could face if they heed to Washington’s orders against Huawei, according to The New York Times.

China was also reported to be planning on restricting exports of rare earth minerals to the U.S. and establishing its own “unreliable” blacklist of foreign firms, mirroring the Trump administration’s move.

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<a href="/latest_stories/all/all/81" rel="author">Mandy Jean</a>
Mandy covers the latest news in Tech and Business.

 

 

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