China

China’s Tech Exports to Russia Plunge – Washington Post

 

Chinese laptop exports to Russia fell 40% in March compared with February, while smartphone shipments were down by more than 30%, according to Chinese trade data, and US officials attributed the drops to Beijing’s wariness of US sanctions, The Washington Post reported.

US Commerce Secretary Gina Raimondo told the Post that export controls were working. “I think they’re working because we have such a strong coalition of countries around the world participating in enforcing [them],” she added, noting that exports of telecoms network equipment fell 98%.

Read the full report: The Washington Post.

 

 

READ MORE:

US Hits ‘Currency Mixer’ Blender With North Korea Sanctions

US to Hit China’s Hikvision With Heavy Sanctions – FT

China Asks Banks How to Shield Assets From US Sanctions – FT

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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