The China Question

www.worldecr.com 3 ThE ChInAquESTIOn CHINA China has set its sights on being the world leader in technology by the year 2025, an ambition that seriously worries the US government. Among the latter’s various responses to the challenge have been a raft of regulations, sanctions and export controls designed to slow the PRC’s progress. WorldECR examines what it all means for business. C ompanies all over the world are finding themselves caught in a minefield of US and international regulations, as Washington and its allies lay down export controls and sanctions to slow Beijing’s advance toward its goal of seizing global dominance from the United States in technology, trade and military might. e impact of US and EU trade controls, sanctions and related regulations – combined with the effects of the Covid pandemic – has rolled like a temblor across the globe, shaking up international supply chains in sectors from textiles and agriculture to the auto industry and semiconductors. Many businesses worldwide have been forced to shi down, shut down, or shuffle suppliers. Companies have been especially impacted by the ra of trade regulations that were pumped out under President Trump and which have continued with the Biden administration (see following pages). ese target mainly China and are aimed at ThE ChInAquESTIOn