Wednesday, July 9th 2025, 3:51:43 am
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China imposed export controls Wednesday on eight companies tied to Taiwan’s military as the self-ruled island started annual military exercises. China’s Commerce Ministry added eight Taiwan-based firms including aerospace and shipbuilding companies, to an export control list, citing national and regional security concerns. The banned companies include defense supplier Aerospace Industrial Development Corporation (AIDC), drone maker Jingwei Aerospace Technology Co., and CSBC Corporation, Taiwan’s largest shipbuilding company.