Beijing Officially Responds as U.S. Lifts Certain Export Restrictions to China
July 5, [Year] – In a significant development signaling a potential thaw in economic relations, China has formally responded to the United States’ move to ease certain export restrictions. Reports indicate that U.S. companies have been notified by the Department of Commerce that export licenses for Electronic Design Automation (EDA) software, ethane, and aircraft engines to China are being reinstated.
A spokesperson for China’s Ministry of Commerce confirmed that the two nations are actively implementing the outcomes of recent economic and trade discussions held in London. “Following the U.S.-China London economic and trade talks, both sides have recently confirmed the specific details for implementing the outcomes of the meetings,” the spokesperson stated.
Currently, the teams involved are accelerating the groundwork for the London framework. China is processing export license applications for controlled items that meet regulatory requirements, acting in accordance with its laws and regulations. The U.S. has also taken reciprocal action by rescinding a series of restrictive measures against China, with these developments being communicated to the Chinese side.
The spokesperson emphasized the hard-won nature of the “London framework,” advocating for dialogue and cooperation as the path forward. “The London framework was not easily achieved. Dialogue and cooperation are the right way forward; extortion and coercion lead nowhere,” the statement read. Beijing expressed its hope that the U.S. will deeply recognize the mutually beneficial essence of the China-U.S. economic and trade relationship, continue to move towards China with a constructive approach, further correct its past missteps, and through concrete actions, uphold and effectively implement the important consensus reached during the phone call between the two heads of state, jointly propelling the China-U.S. economic and trade relationship towards stable and long-term growth.
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