China's Ministry of Commerce confirmed Friday that the United States has formally notified Beijing of its decision to lift several restrictive trade measures, marking a potential thaw in bilateral economic relations. The announcement follows recent high-level dialogues between the two nations, including a June 5 phone call between their leaders.
While specific details remain undisclosed, the policy shift aligns with reported U.S. moves to ease export controls on critical technologies. These include electronic design automation (EDA) tools vital for semiconductor manufacturing and select aviation engine components. Major U.S. firms like Synopsys and Cadence Design Systems—which collectively dominate over 70% of China's EDA market—have reportedly resumed services to Chinese clients following the changes.
The ministry stated: "China is reviewing export license applications in accordance with laws while acknowledging corresponding U.S. actions." This reciprocal approach stems from consensus reached during recent China-U.S. economic talks in London.
Additional adjustments include relaxed licensing requirements for U.S. ethane exports to China and GE Aerospace's renewed authorization to supply jet engine technology to COMAC, China's state-owned aircraft manufacturer. Analysts suggest these developments could bolster China's semiconductor self-sufficiency efforts and stabilize supply chains in strategic industries.
"This calibrated de-escalation reflects both sides' recognition of economic interdependence," noted Dr. Li Wei, a trade policy expert at Renmin University. "However, the long-term trajectory will depend on sustained diplomatic engagement and technical cooperation."
The policy revisions arrive as global markets watch for signs of stabilization in the world's most consequential bilateral trade relationship, valued at over $690 billion in 2023.
