China’s inclusion of new technologies in the export ban list has hampered ticket sales in the US, according to state media reports, citing recent tensions between the two countries.
Late Friday evening, China’s Ministry of Commerce announced that the government has added items related to computing and artificial intelligence to its list of technologies subject to export controls.
In an interview with the government-run Xinhua News Agency, government adviser Cui Fan suggested that the new measures could affect ticket sales by its Chinese owner, Byte Dance, as they cover some of its underlying technologies.
He added that a company interested in its operations in the US, Canada, Australia, Australia and New Zealand, with interest from Microsoft, Oracle and Martmart, should “seriously and cautiously” decide whether to suspend its negotiations as a result.
The trade ban is a recent development in a tug-of-war between China and the United States, a popular video application that President Donald Trump has vowed to shut down until sold to an American company.
China has not changed its list of restrictions on techno-exports since 2008, the Commerce Ministry said in a statement. Changes were needed in the country due to the “rapid development” of science and technology.
Professor Cui, who is also a professor at Beijing University of International Business and Economics, told FT that changes have been under discussion since 2018. But China is now introducing them in part because of the “current international situation”.
The inclusion in the list means that companies must obtain additional government approval for the export of certain technologies. Professor Cui told Xinhua that BitDance should go through “licensing processes” if it is exporting related technology exports.
The ticketing probe follows widespread deterioration in relations between China and the US, following the coronavirus outbreak this year and the introduction of new security legislation in Hong Kong.
Recent US pressure has focused on the technology sector. In November, the U.S. Mr Trump, who has tightened his grip on China ahead of the by-elections, said there was “credible evidence” that the measures taken by ByteDance could harm US security.
In early August, Mr. Trump said he was giving U.S. companies 45 days to stop dealing with Tencent-owned Chinese messaging app Vechet. U.S. The president has hinted that he could take a similar approach to other Chinese companies, including e-commerce group Alibaba.
In China, byteDance has been introduced in the U.S. The idea of succumbing to pressure has had to be reacted to.
Last week, Ticket OK’s chief executive, Kevin Meyer, stepped down, drawing attention to the “sharply changed” political climate. Earlier in the week, the company sued the Trump administration.
Bytensens did not immediately respond to a request for comment.
