Caixin
Aug 22, 2023 06:08 PM
BUSINESS

U.S. Eases Export Restrictions on 27 Chinese Entities

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What’s new: 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 after it successfully completed end-use checks.

“The ability to verify the legitimacy and reliability of foreign parties receiving U.S. exports through the timely completion of end-use checks is a core principle of our export control system,” Assistant Secretary for Export Enforcement Matthew Axelrod said in a statement.

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