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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Biden adds 14 Chinese entities on unverified list

President Biden Photo credit: Jameson
President Biden Photo credit: Jameson President Biden Photo credit: Jameson
President Biden Photo credit: Jameson
President Biden Photo credit: Jameson President Biden Photo credit: Jameson

Listen to the article now

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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