US pause on 50% ownership rule key step in realising consensus: China

Earlier this week, the US Department of Commerce’s Bureau of Industry and Security (BIS) said it would pause its 50-per cent ownership rule designed to limit exports to entities that are majority owned by blacklisted companies until November 9, 2026. The rule was introduced on September 30.

This is an important step the US side has taken in implementing the consensus of the China-US economic and trade talks in Kuala Lumpur, and both sides will continue discussions after the pause ends, said a ministry spokesperson.

China is willing to work with the United States to properly manage their differences and create favourable conditions for enterprises on both sides as well as the security and stability of global industrial and supply chains, the spokesperson was cited as saying by a state-controlled media outlet.

ALCHEMPro News Desk (DS)