Business Brief (Oct. 10): China Tightens Controls on Critical Tech, Materials
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China curbs exports: On Oct. 9, China’s commerce ministry placed 14 foreign entities, including Dedrone by Axon and TechInsights Inc., on its unreliable entity list. On the same day, the ministry and China’s customs authority jointly announced export controls on items including ultrahard materials, certain rare earth equipment and raw materials, some medium and heavy rare earths, lithium batteries and artificial graphite anode materials.
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- China imposed export controls on rare earths and lithium, and added 14 firms to its unreliable entity list.
- The Shanghai Composite Index reached a 10-year high; foreign investors put $4.6 billion into Chinese stocks in September.
- A Gaza ceasefire began on Oct. 9, and OpenAI launched a standalone Sora app for video generation.
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Who’s Who
- Dedrone by Axon
- Dedrone by Axon is a foreign entity that China's commerce ministry placed on its unreliable entity list on October 9. This action was part of broader export controls imposed by China, affecting various materials and technologies.
- TechInsights Inc.
- TechInsights Inc. is a foreign entity mentioned in the article. On October 9th, China's commerce ministry placed it on its unreliable entity list. This action was announced on the same day as export controls were implemented on various materials and equipment, including ultrahard materials and rare earth items.
- China Index Academy Ltd.
- China Index Academy Ltd. reported a year-on-year increase in new home sales by floor space in major cities like Beijing, Shanghai, and Shenzhen during the recent national holiday. They also noted a significant pickup in pre-owned home transaction volume in key cities in September, with a moderate recovery anticipated for October, though price cuts are expected to continue.
- Morgan Stanley
- According to a Morgan Stanley report, foreign investors funneled $4.6 billion into Chinese stocks in September. This figure represents the highest monthly inflow in 10 months.
- OpenAI
- OpenAI has recently introduced a standalone application for its video generation model, Sora. This move intensifies the competition in the market for consumer-oriented artificial intelligence video tools.
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What Happened When
- September 2025：
- Transaction volume of preowned homes in key Chinese cities picked up significantly.
- October 2025：
- China’s Ministry of Finance to issue 11 billion yuan of sovereign bonds in Hong Kong.
- October 2025：
- Transaction volume of preowned homes in key Chinese cities is expected to continue moderate recovery.
- Oct. 9, 2025：
- China’s commerce ministry placed 14 foreign entities on its unreliable entity list, including Dedrone by Axon and TechInsights Inc.
- Oct. 9, 2025：
- China’s commerce ministry and customs authority announced export controls on certain ultrahard materials, rare earth equipment and materials, medium and heavy rare earths, lithium batteries, and artificial graphite anode materials.
- Oct. 9, 2025：
- The Shanghai Composite Index closed up 1.32% at 3,933.97, reaching a 10-year high.
- By Oct. 9, 2025：
- Gaza ceasefire agreement took effect at noon local time, calling for an end to the war, the release of hostages, and the entry of humanitarian aid. Egypt dispatched its first aid convoy the same day.
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