China imposes export ban on eight Taiwan-based organizations

News Snapshot:

The logo of the Aerospace Industrial Development Corp. (AIDC) is seen in Taichung, Taiwan on April 25, 2018. (AP Photo/Chiang Ying-ying, File) TAIPEI, Taiwan — China imposed export controls Wednesday on eight enterprises tied to Taiwan’s military as the self-ruled island started annual military exercises. China’s Commerce Ministry added eight Taiwan-based organizations including aerospace and shipbuilding companies to an export control list, citing national and regional security concerns. The banned companies include defense supplier Aerospace Industrial Development Corporation (AIDC), drone maker Jingwei Aerospace Technology Co., and CSBC Corporation, Taiwan’s largest shipbuilding company. The new rules, effective immediately, prohibit the export...