ICYMI – US Commerce Department eases export restrictions on 27 Chinese entities

News

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) said Monday that it is removing 27 Chinese entities from its Unverified List

  • The companies were taken off the list after they successfully completed end-use checks that allowed the commerce department’s Bureau of Industry and Security to establish their “legitimacy and reliability”, according to a government statement.

This is being read as a sign that the US admin is extending an olive branch ahead to China of Commerce Secretary Gina Raimondo’s planned trip to Beijing later this month.

Articles You May Like

Buy the dip! HAL, PNB, IDFC First Bank among 10 stock ideas from Jefferies
Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earnings
ICYMI – Chinese vessel spotted where Baltic Sea cables were severed
7 stocks with solid quarterly performance, yet down 25% in recent slump
Gold prices continue to drop amid a strong dollar and US inflation concerns; check rates in your city

Leave a Reply

Your email address will not be published.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