50 GLOBAL SOURCING LOGISTICS
technology to a foreign national with their intent to use
this information outside the United States. This is a very se-
rious issue, particularly in regard to China, and the BIS
monitors this very closely. Failure to conform to these reg-
ulations can result in fines, penalties, and loss of import and
export privileges. It is also important to note that in certain
situations, criminal exposure exists in this regard. Deemed
exports are discussed in more detail in Chapter Four).
Exchange Rates
For the most part, the Chinese currency has been rela-
tively stable in relation to U.S. and other western currencies
in the last few years. Some financial analysts advise of a po-
tential long-term problem in China in the stability of ...