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US Adds 14 More Chinese ‘Entities’ to Unverified List

The move will force exporting US firms to conduct ‘greater due diligence’ before shipping goods to the Chinese outfits


Chinese and US flags flutter outside a company building in Shanghai, China
The news of the raid and detentions comes amid spiralling Sino-US relations, following months of diplomatic tensions. Photo: Reuters

 

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.

 

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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

 

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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.