
A | (ECNS) -- China will implement stricter export controls on dual-use drone-related items destined for the United States to safeguard national security and interests and fulfill its international non-proliferation obligations, according to an announcement by the Ministry of Commerce on Wednesday. Issued under China's Export Controls and Regulations of China on the Export Control of Dual-Use Items, the announcement states that exports of drones, key drone components and related technologies included on the Export Control List of Dual-Use Items will be subject to strict case-by-case review. The announcement also states that export licensing facilitation measures will not apply to such exports. The measures took effect immediately upon publication.
。 Washington, Oct 11 (UNI) The Chinese economy will post the lowest GDP growth in four decades in the current year, barring performance during the initial COVID-19 crisis in 2020, the International Monetary Fund (IMF) said on Tuesday.
"The revisions reflect the downgrade for growth in China, to 3.2 percent in 2022 (the lowest growth in more than four decades, excluding the initial COVID-19 crisis in 2020). COVID-19 outbreaks and lockdowns in multiple localities, as well as the worsening property market crisis, have held back economic activity in China, " the IMF said in its World Economic Outlook.
However, China’s growth is expected to rise to 4.4 percent in 2023, the report added.
COVID-19-related lockdowns have taken a significant toll on China’s economy, particularly in the second quarter of 2022, according to the reports. Particularly, the property sector, which represents the fifth part of the nation’s economy is rapidly weakening, it added.
"A worsening of China’s property sector crisis could spill over to the domestic banking sector and weigh heavily on the country’s growth, with negative cross-border effects," the IMF said.
UNI/SPUTNIK GNK。
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