By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > China imposes restrictions on fentanyl chemicals after pressure from US
News

China imposes restrictions on fentanyl chemicals after pressure from US

News Room
Last updated: 2024/08/06 at 1:10 PM
By News Room
Share
4 Min Read
SHARE

Unlock the US Election Countdown newsletter for free

The stories that matter on money and politics in the race for the White House

China is to impose controls on the production of critical chemicals for the manufacture of fentanyl, in a sign of rising co-operation between Beijing and Washington over efforts to crack down on the deadly synthetic opioid.

The Biden administration on Tuesday said China would impose regulations and controls on three essential chemicals used in fentanyl from September.

The move — a process known as “scheduling” — marks the first time China will impose restrictions on the production of ingredients for the drug in six years.

The White House said it was a “valuable step forward” that followed a meeting between senior US and Chinese officials in Washington last week.

Washington has been pressuring Beijing for several years to crack down on the production of ingredients used in fentanyl, which it estimates claimed the lives of almost 75,000 Americans in 2023.

US officials say the illicit drug has become the leading cause of death for Americans between the ages of 18 and 45.

The enhanced US-China co-operation stems from an agreement reached between President Joe Biden and President Xi Jinping at a summit in San Francisco in November 2023.

The two leaders agreed to create a working group to tackle the fentanyl issue as part of an effort to stabilise turbulent relations between the two powers.

In 2019, China took measures to stem exports of fentanyl to the US, causing Chinese groups to shift their focus to making the chemicals needed to produce the drug. They have been sending the chemicals to cartels in Mexico which produce fentanyl for distribution in the US market.

In a statement, the Chinese government said it would subject three chemical ingredients — 4-AP, 1-boc-4-AP, and Norfentanyl — to controls from September 1.

UN member states in 2022 agreed to impose international controls on the same chemicals, but China had until now not subject them to corresponding domestic controls.

Congress has become increasingly vocal in its criticism of China over the fentanyl crisis.

In a report in April, the House China committee blamed Beijing for the fentanyl epidemic and accused it of creating programmes to reward companies for exporting fentanyl and other illegal drugs to the US. The Chinese government has rejected the accusation.

Fentanyl is expected to be a significant election issue as vice-president Kamala Harris and former president Donald Trump battle for the White House.

According to a Morning Consult/Bloomberg poll earlier this year, 44 per cent of respondents said the approach to the drug was a “very important” in deciding who they would vote for in November.

The Biden administration last week urged Congress to pass legislation that would designate fentanyl-related substances as “Schedule I” drugs — which have no accepted medical use and a high potential for abuse — that would lead to higher penalties for distribution and possession.

Read the full article here

News Room August 6, 2024 August 6, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Tesla bull Dan Ives talks why he’s still bullish, AT&T COO talks wireless competition

Watch full video on YouTube

Why The U.S. Is Running Out Of Explosives

Watch full video on YouTube

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

This article was written byFollowSeeking Alpha's transcripts team is responsible for the…

AI won’t take your job – but someone using it will

Watch full video on YouTube

Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

By News Room
News

Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript

By News Room
News

A bartenders’ guide to the best cocktails in Washington

By News Room
News

C3.ai, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AI) 2025-12-03

By News Room
News

Stephen Witt wins FT and Schroders Business Book of the Year

By News Room
News

Verra Mobility Corporation (VRRM) Presents at UBS Global Technology and AI Conference 2025 Transcript

By News Room
News

Zara clothes reappear in Russia despite Inditex’s exit

By News Room
News

U.S. Stocks Stumble: Markets Catch A Cold To Start December

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?