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    THE BIZNOB - Global Business & Financial News - A Business Journal - Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle
    Home»Economy»Biden adds 14 Chinese entities on unverified list
    Economy

    Biden adds 14 Chinese entities on unverified list

    Resk 'QueBy Resk 'QueThu, 2023-Mar-23 14:08:48No Comments1 Min Read
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    President Biden Photo credit: Jameson
    President Biden Photo credit: Jameson
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    Although U.S. officials cannot check the listed businesses, the Biden administration added 14 Chinese entities to a red flag list on Thursday, compelling U.S. exporters to do more due diligence before transferring products.

    The list might start a 60-day countdown that could lead to harsher punishments.

    A request for a response from the Chinese Embassy in Washington went unanswered.

    U.S. export restrictions have slowed Beijing’s technological progress.

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    My name is Resk 'Que, and I cover business profiles, the political and economic state of affairs, and national and international issues.

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