China-US Economic Ties

US Adds 14 More Chinese ‘Entities’ to Unverified List

 

Washington has added 14 more Chinese ‘entities’ to a red flag list as it continues to ramp up pressure on its No1 trade rival.

The move will force US exporting firms to conduct ‘greater due diligence’ before shipping goods to the, as yet unnamed, companies.

 

Also on AF: Australia’s Potential $11.3bn Batteries Bonanza: Accenture

 

The 14 were added to the list because US officials have been unable to inspect the listed entities and the move can potentially start a 60-day clock that can trigger much tougher penalties.

The Chinese Embassy in Washington did not immediately respond to a request for comment.

The United States has used restrictions on exports of US goods as a key tool to thwart Beijing’s technological advances.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

Nvidia Tweaks Another Flagship AI Chip for Export to China

US Adds China Entities to Red-Flag Export List, WuXi Biologics Hit

China to Back High-End Manufacturing as US Ramps Up Pressure

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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