U.S. adds China Yangtze River Storage and 30 other companies to 'unproven' trade list

AAPL ) to include it in some of its iPhones in China, which is the result of US lawmakers and worshipers the main concern of the government. company was added to the unverified list because the United States was unable to complete a site visit to determine if they could be trusted to receive sensitive technology exports from the United States. U.S. inspections of Chinese companies require approval from the Chinese Ministry of Commerce. U.S. exporters must conduct additional due diligence before sending goods to entities on the “Not Verified List” like added on Friday, more permits may be required. Under the Biden administration’s new policy, if the administration blocks U.S. officials from conducting on-site inspections of companies on the unverified list, Washington Will start adding it to the Entity List after sky. Physical listing of YMTC would further escalate tensions with Beijing and force its U.S. suppliers before shipping minimum prices Seeking hard-to-obtain licenses from the U.S. government – technology projects.

Friday All the measures announced are not all bad news for China. U.S. cancels AstraZeneca (NASDAQ: 52 AZN) COVID-

vaccine, from an unverified list. Reuters reported last summer that U.S. officials had been able to conduct inspections of the Wuxi city site, a stepping stone to delisting. A spokeswoman for Wuxi Biologics said the company was pleased that the Wuxi plant had been removed from the factory in light of the June inspection. removed from the list. She added that the company was looking forward to arranging an inspection of its Shanghai subsidiary, which was also placed on the unverified list in February.