• China’s ex-Vice Commerce Minister: China's export control measures of chipmaking materials is just a start

Market news

5 July 2023

China’s ex-Vice Commerce Minister: China's export control measures of chipmaking materials is just a start

In an interview with China Daily on Wednesday, the Chinese Former Vice Commerce Minister warned that “China's export control measures of chipmaking materials is just a start.”

Additional quotes

China has more sanction tools and measures.

Countermeasures will further escalate if high-tech restrictions targeting China continue to escalate.

Market reaction

Risk sentiment remains tepid on fresh China worries, keeping AUD/USD better offered near 0.6685, as of writing.

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