New US security rules on exports

The US will put forward new controls on high-technology exports to China, a top trade official told the Wall Street Journal. The proposed controls would affect goods that can have both civilian and military uses. The tightening restrictions may be counterbalanced by a reduction in licensing requirements for legitimate Chinese buyers. David McCormick, US undersecretary of commerce for industry and security, told the newspaper the new restrictions would be "as targeted as possible" and impact Chinese military, and not civilian, purchasers. Chinese officials say they would buy more US technology if allowed to.