China's Ministry of Commerce announced Wednesday it has added eight entities in the Taiwan region to its export control list, citing national security priorities and commitments to global non-proliferation efforts. The move marks Beijing's latest measure to regulate cross-strait trade amid ongoing geopolitical tensions.
In an official statement, the ministry emphasized the decision aligns with China's 'legitimate right to safeguard national security and development interests' while fulfilling international obligations. Analysts suggest the restrictions likely target organizations linked to dual-use technologies that could have military applications.
The Taiwan authorities responded by calling the measures 'economically disruptive,' though specific affected entities remain undisclosed. Cross-strait relations have remained strained following recent political developments, with Beijing reiterating its opposition to any actions suggesting Taiwan independence.
Business leaders are assessing potential supply chain impacts, particularly in semiconductor and advanced manufacturing sectors where cross-strait collaboration remains significant. The Chinese mainland remains Taiwan's largest trading partner, with bilateral trade exceeding $300 billion in 2023.
