<h1>China expands export controls on rare earth magnets, requiring foreign firms to obtain Chinese government approval.</h1> China now requires foreign firms to obtain government approval to export magnets containing China-origin rare earths or produced with Chinese technology, effectively extending Chinese export controls beyond its borders. This extraterritorial reach parallels the U.S. foreign direct product rule, bringing foreign-made goods within the scope of China's regulatory control when they incorporate Chinese-origin inputs or technology.