China Implements New Supply Chain Security Regulation
China implemented a new 18-point supply chain security regulation on March 31, granting officials authority to punish entities that threaten the country's access to vital resources and free flow of goods. The regulation elevates safeguarding China's industrial and supply chains to a national security issue as Beijing confronts an increasingly turbulent global outlook. The full text was published on Tuesday, revealing the scope of powers available to Chinese authorities. The regulation emerges amid ongoing global supply chain tensions and represents a significant expansion of China's economic security framework.
New Supply Chain Security Regulation and Its Provisions
▪China's new supply chain security regulation grants officials power to punish entities deemed to threaten the free flow of goods.
▪China's supply chain security regulation was passed on March 31.
▪The full text of China's supply chain security regulation was published on Tuesday.
▪China implemented a new regulation on supply chain security that grants officials power to punish entities deemed to threaten the country's access to vital resources.
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