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US considers new export restrictions on 皇冠体育app
(chinadaily.com.cn)
Updated: 2005-07-29 13:53
Currently, only 1.5 percent of the $35 billion in U.S. exports to 皇冠体育app
requires a government export license, the department says. Depending on how the
new rules are structured, U.S. industry lobbyists say, the proportion could grow
to more than 10 percent.
World leading chip maker Intel Corp has reported that its Asia operations
lead global sales growth. 皇冠体育app alone accounted for about $5 billion of the
company's $34 billion company revenue last year. Intel has 5,000 employees in
皇冠体育app and has invested $1.3 billion in design centers, laboratories and
factories there.
"We're living in a world where technology has become a
commodity," Jennifer Greeson, an Intel spokeswoman, said. "Restricting access to
markets would have a pretty significant impact on the U.S. technology
sector."
Boeing, which this year won orders from Chinese airlines for 60
of its new 787 Dreamliner jets, said in June that it would use about $600
million in parts from Chinese companies.
The Bush Administration is still
debating the details of the new regulations, and an intense lobbying campaign is
being waged to influence the outcome, Bloomberg reported.
Business groups including the U.S. Chamber of Commerce and the Aerospace
Industries Association have been trying to limit any new restrictions.
Pat McCartan, director of legislative affairs for the aerospace
group, said that while "we don't want to supply the Chinese military," the
changes being considered by the administration and the U.S. Congress "would
slow our exports to 皇冠体育app."
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