CHINA FINANCE MINISTRY OFFICIAL: SAYS Q1 EXPENDITURE GROWTH WAS THE FASTEST PACE IN RECENT FIVE YEARS

China placed seven European entities on its export control list, citing national security concerns and alleged involvement in arms sales to Taiwan. The Ministry of Commerce said the measure, effective immediately, bans exports of Chinese dual-use goods to the firms and halts related activity. Companies affected include Germany’s HENSOLDT AG, a radar and sensor supplier, and Belgium’s FN Herstal and FN Browning Group, both major small-arms manufacturers.

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