US investigates Chinese companies over export sanction issues

31/5/2022 11:44:00 PM

US investigates Chinese companies over export sanction issues

US investigates Chinese companies over export sanction issues

WASHINGTON : U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration is actively considering adding new Chinese companies to the government's economic blacklist as it investigates what it calls efforts by China to evade U.S. sanctions.The Commerce Department's Entity List restricts

The Commerce Department's Entity List restricts access to U.S. exports.Raimondo told reporters the administration was working to"get information around bad actors in China and adding those companies to the Entity List ... We are in the middle of a number of investigations."

She added:"I don't see us relaxing sanctions any time soon."China is not standing still, she said."They are coming up with we know new ways to evade our sanctions, setting up new (companies) and the like. We have a very aggressive and vigilant effort under way."

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WASHINGTON : U.https://str.Read now Please verify your e-mail to read this subscriber-only article in full The gift link for this subscriber-only article has expired.moomoo , which is powered by Futu Singapore (Futu SG).

S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration is actively considering adding new Chinese companies to the government's economic blacklist as it investigates what it calls efforts by China to evade U. Steve Okun, senior advisor, McLarty Associates - standing in for ST's US bureau chief Nirmal Ghosh - shares how the US is reacting to and coping with these local and international issues.S. You have reached your limit of subscriber-only articles this month. sanctions.3's Adrian Abraham, sitting in for Elliott Danker. The Commerce Department's Entity List restricts access to U. At Futu SG, we champion people-centricity and have been actively interacting with different market segments to understand their pain points to create products that will facilitate their trading journeys,” Mr Chia said.

S. They also debate President Joe Biden's comments on its support of Taiwan against China.. exports. Raimondo told reporters the administration was working to"get information around bad actors in China and adding those companies to the Entity List . Produced by: Nirmal Ghosh ( ) & Money FM's Breakfast Huddle team Edited by: Nadhirah Kamarudin and Penelope Lee Follow Washington Report every Monday on our Asian Insider Podcast channel: Channel:... “The data gleaned by our business insights team reflects an emerging trend among Singaporean investors over the past year.

We are in the middle of a number of investigations." She added:"I don't see us relaxing sanctions any time soon." China is not standing still, she said."They are coming up with we know new ways to evade our sanctions, setting up new (companies) and the like. We have a very aggressive and vigilant effort under way.” To meet the needs of global investors, moomoo supports the trading of US stocks for up to 16 hours of trading time on trading days – 6.

" She said when possible she wants to work with U.S. allies to align their trade restrictions with U.S. export controls. To encourage more to participate in the global investing landscape, moomoo has streamlined the investing process for all users.

The Trump administration aggressively used the Entity List, adding dozens of Chinese companies including Huawei in 2019. It also added chipmaker SMIC and Chinese drone manufacturer DJI in 2020. The Biden administration has extended that policy and in November put a dozen Chinese companies on the Entity List over national security and foreign policy concerns, in some cases citing their help in developing the Chinese military’s quantum computing efforts. In December, Commerce added China's Academy of Military Medical Sciences and its 11 research institutes to the Entity List. Raimondo cited a recent report that Apple Inc was considering moving some production out of China. In the last year, its clients’ equity asset value reached US$52.

"I've heard that same thing from numerous other American manufacturing companies, many of whom have been manufacturing in China for decades," she said. In February, the Commerce Department added 33 Chinese entities to its"unverified list" which requires U.S. exporters to go through more procedures before shipping goods to the entities. China’s embassy in Washington said last year the United States"uses the catch-all concept of national security and abuses state power to suppress and restrict Chinese enterprises in all possible means.

" Source: Reuters .