China Restricts Tunnel Boring Machine Exports

China announced new export controls on tunnel boring machines and adjusted restrictions on drone items and dredgers. Operators will need licenses starting November 18 under dual-use regulations.

Workers inspect a tunnel boring machine part at a workshop of the Jinan Heavy Machinery Joint Stock company in Jinan, Shandong province, China May 11, 2019. REUTERS/Stringer

China's commerce ministry will impose export controls on tunnel boring machines, covering equipment tied to $793M in 2025 shipments. The measures target dual-use items used globally in metro rail and highway construction projects. Operators must secure government licenses starting November 18 under updated regulatory frameworks.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.