The Export Control Law, which has been in force for about four months, is China's first law in this area. Although provisions existed before, they did not have the law status. Lawyer Sebastian Wiendieck explains the law and the consequences for affected companies inside and outside China.
By Antje Sirleschtov
Huawei is increasingly finding itself in a predicament. Chinese suppliers are supposed to fill the gap left by the US supply ban on microchips. Until then, the hoarded semiconductor elements will have to do. And if not? Then the survival of the company is threatened, says the acting CEO.
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Europe, Russia, and China are trying to save the nuclear deal with Iran. Meanwhile, China is already creating facts: It's buying oil extensively and concluding economic cooperation agreements with Iran. This increases the pressure on the Europeans because they don't want to be left out either. But time is pressing. In June Iran will elect a new president.
By Frank Sieren
