U.S. companies from Dow Chemical to Intel should prepare for a new defense-related export control law that could affect their business operations in China and come with stiff penalties for breaking the rules, analysts in China are telling Bloomberg BNA.
The proposal still could be changed, since the government released the draft law earlier in the year and the deadline for comments ended just weeks ago. According to IHS Jane’s Defence Industry, the draft legislation is expected to be introduced in the National People’s Congress in 2018.
Read more at Bloomberg BNA
