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China says U.S. pause on 50-percent ownership rule is important step in implementing Kuala Lumpur consensus
Xinhua | English | News | Nov. 13, 2025 | Regulation
China’s commerce ministry acknowledged the United States' decision to pause, for one year starting November 10, the enforcement of a regulation that broadens export control restrictions to entities owned 50 percent or more by parties on U.S. sanctions lists. The ministry described this pause as a significant step in implementing the Kuala Lumpur consensus reached during recent China-U.S. economic and trade talks.
The ministry indicated that the two countries will continue discussions regarding arrangements following the one-year suspension of the 50 percent ownership rule. China expressed its willingness to collaborate with the U.S. to enhance dialogue based on mutual respect and equal consultation, aiming to properly manage differences and foster favorable conditions for businesses in both countries.
Furthermore, the ministry emphasized the importance of such cooperation in maintaining security and stability in global industrial and supply chains.