China extends suspension of countermeasures against Hanwha Ocean's five U.S.-linked subsidiaries

BEIJING, Nov. 9 (Xinhua) -- China's commerce ministry announced on Monday that it will continue to suspend countermeasures against five U.S.-linked subsidiaries of the Republic of Korea's Hanwha Ocean for another two months, starting Tuesday.

The move is part of efforts to implement the consensus reached during China-U.S. economic and trade consultations, the ministry said in a statement.

China introduced the countermeasures on Oct. 14, 2025, and suspended their implementation for one year starting Nov. 10, 2025.

The five subsidiaries are Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC and HS USA Holdings Corp., according to a previous announcement by the ministry.