# MOFCOM
Latest news and articles about MOFCOM
Total: 6 articles found
Beijing Strikes Back: China Invokes Blocking Statute to Shield Refiners from US Iran Sanctions
China has issued a formal blocking order against US sanctions on five domestic petrochemical companies involved in Iranian oil trade. The move utilizes Beijing’s 2021 blocking statute to prohibit Chinese entities from complying with US extraterritorial measures, escalating the legal conflict between the two nations.
A Diplomatic Thaw: Beijing Rescinds Countermeasures Against EU Financial Entities
China has lifted countermeasures against two Lithuanian banks, UAB Urbo Bankas and AB Mano Bankas, following the EU's decision to withdraw sanctions against Chinese entities. The move signifies a tactical de-escalation in financial tensions and underscores China's use of its Anti-Foreign Sanctions Law as a reciprocal diplomatic tool.
Tit-for-Tat Tech: Beijing Blacklists European Defense Giants in Growing Trade Spat
China has imposed export bans on seven European defense and aerospace entities, citing national security concerns. The move, targeting major firms in Belgium, Germany, and the Czech Republic, marks a significant tightening of Beijing’s grip on dual-use supply chains amid deteriorating relations with the European Union.
Winds of Friction: Beijing Blasts UK’s Security-Based Ban on Chinese Offshore Technology
China's Ministry of Commerce has formally protested the UK government's decision to ban Mingyang Smart Energy from offshore wind projects on national security grounds. Beijing argues the move violates free-market principles and undermines previous diplomatic commitments made by Prime Minister Keir Starmer.
Beijing’s New Digital Mandate: China Pivots From Discounting to Quality and Global Scale
China has launched a 16-point national strategy to shift its e-commerce sector from a volume-and-price-driven model toward one focused on brand quality and global logistics. The directive emphasizes the development of overseas warehouses and a regulatory environment that prioritizes high-quality brands over low-cost discounting.
Tit-for-Tat Lawfare: Beijing Launches Twin Trade Probes into U.S. Supply Chain and Green Policies
China's Ministry of Commerce has initiated two major trade barrier investigations against the United States, targeting supply chain disruptions and green trade obstacles. This retaliatory move follows U.S. Section 301 probes and marks a significant escalation in the legal and economic friction between the world's two largest economies.