Starting July 1, China will impose export controls on certain aviation and aerospace components to safeguard national security.

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These restrictions include equipment, software, and technologies related to aerospace structural components and engine manufacturing, requiring export licenses.

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Ironically, this comes after France’s Finance Minister, Bruno Le Maire, warned that the global economy is threatened by a glut of cheap Chinese exports.

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The Group of Seven finance chiefs called for a united response to China's overcapacities, highlighting the risk to domestic manufacturers.