China puts Japanese companies on export control lists as tensions rise [Yahoo! Finance Canada]
KAWASAKI HEAVY INDS S/ADR (KWHIY)
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Source: Yahoo! Finance Canada
Chinese exporters will be banned from selling dual-use goods, which can be used both for civilian and military purposes, to 20 Japanese companies, according to a statement by China's Commerce Ministry. Companies targeted include multiple subsidiaries of Mitsubishi Heavy Industries involved in shipbuilding and the production of aircraft engines and maritime machinery, as well as divisions of Kawasaki Heavy Industries and Fujitsu, among others. Foreign organizations or individuals are also banned from providing dual-use items originating in China to the 20 entities, the ministry said. “All ongoing related activities must cease immediately,” its statement read. A separate list includes 20 Japanese companies for which Chinese exporters are required to submit individual export license applications with risk assessment reports and written pledges that the dual-use items would not be used by Japan's military. Companies on the latter list include Subaru Corporation, Mitsubishi Mate
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