Beijing is taking lessons from the U.S. as it attempts to get more international companies to comply with its sanctions.
Wang Wentao, China's Minister of Commerce, attends a press conference for the second session of the 14th National People's Congress, March 6, 2024. Credit: VCG via AP Images
When Skydio, an American drone maker, was hit with Chinese sanctions over its sales to Taiwan in early October, the company tried to gird itself against potential fallout by moving its supply chains out of China. It didn’t move fast enough.
Within weeks, Skydio’s Chinese battery suppliers had cut the company off. By month’s end, its chief executive announced the company was rationing the batteries it supplies with its drones to customers, which include Ukraine’s military and the
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
The economic policy maker says the Trump administration's actions could threaten the greenback's role, and discusses the big bet the U.S. made in welcoming China into the WTO.
Stay ahead of U.S. export rules. Comply with the new 50% ‘Affiliates Rule.’
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy