The updated rules could even affect a potential TikTok deal in the US
A potential deal to sell TikTok’s business in the US got complicated after China imposed new restrictions on technology exports. China updated the list of technologies that are subject to export bans on Friday amid pressure on the app’s parent company ByteDance by the White House to divest its business in the US quickly or face an effective ban. All technology transfers abroad, whether through trade, investment or other means, must strictly abide by relevant regulations on technology import and export of the country, the Ministry of Commerce said in a statement.
