China tightens export restrictions on rare earth materials and technologies, expanding controls to foreign companies and nationals in a move to strengthen its global strategic leverage.

Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred,

The Chinese government has introduced new export controls on key dual-use items, citing national security concerns. The move opened a new chapter in the ongoing trade confrontations with the US.

The Dutch government has taken control of Chinese-owned computer chipmaker Nexperia, ratcheting up tensions with Beijing as a global fight brews over technology intellectual property, especially around semiconductors.

The Dutch government has intervened in the business of Nexperia, a Chinese-owned semiconductor company, due to concerns about governance.

China's latest export control measures on rare earths and related items have nothing to do with Pakistan, Foreign Ministry spokesman Lin Jian said on Monday. Lin made the remarks at a regular news conference, dismissing reports that "Pakistan's export of rare earths to the United States triggered China's new export control measures".

After the announcement by the Hague, Wingtech’s Shanghai-listed shares plunged 10% to hit its max daily limit.

SINGAPORE] Asia-Pacific markets reacted negatively as trading resumed on Monday (Oct 13) following the latest salvo in the trade war between the US and China. Read more at The Business Times.

China is the world's key processor of rare earths and a major supplier of advanced graphite. That position gives it both the responsibility and the incentive to keep export flows compliant, said Ding Rijia, a professor of economics at the China University of Mining and Technology-Beijing.

China and the US have been navigating a trade dispute since Donald Trump took office. Hannah Mulane breaks down China’s latest economic data. Could it strengthen their hand ahead of trade talks with the US?