China says U.S. pause on 50-percent ownership rule is an important step in implementing Kuala Lumpur consensus
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s commerce ministry said on Tuesday that it has taken note of the United States’ announcement of a one-year pause, starting Nov. 10, on a regulation that expands export control restrictions to any entity owned 50 percent or more by parties on U.S. sanctions lists.
This is an important step the U.S. side has taken in implementing the consensus of the China-U.S. economic and trade talks in Kuala Lumpur, said a spokesperson for the commerce ministry.
The spokesperson said the two countries will continue discussions on arrangements after the one-year suspension of the so-called 50 percent ownership rule.
China is willing to work with the United States to strengthen dialogue and communication based on the principles of mutual respect and equal-footed consultation, manage their differences properly, and create favorable conditions for enterprises of both countries, as well as the security and stability of global industrial and supply chains, said the spokesperson.
ReferenceLink：-https://english.news.cn/20251112/d21335321c304595b91cc7fb1d3a1065/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
