New Chinese Law Passed to Create the Nation’s First Comprehensive Export Control Framework
On October 17, 2020, the National People’s Congress Standing Committee adopted the Export Control Law of the People’s Republic of China (the “PRCECL”) within a year after the first draft law was put before the nation’s top legislative body. The PRCECL streamlines and consolidates the previously fragmented regulations by
setting out the control and licensing framework,
creating an export control entity list regime, and
centralizing further the enforcement powers
to enhance the Chinese government’s ability to control and monitor the exports of military, dual-use, and other goods, technology and services in accordance with its national interests.