In the News: Higher Penalties for US Export Violations; Shein IPO Dilemma; and Further US Restrictions on China Investments

U.S. Commerce official expects higher penalties for violations of U.S. export controls; Shein must satisfy both the U.S. and China to pull off its IPO; and U.S. lawmakers work to further limit U.S. investment in Chinese tech sector.

7 minute read January 25, 2024 at 02:38 AM

Brian Chan and Krista Lee

In the News: Higher Penalties for US Export Violations; Shein IPO Dilemma; and Further US Restrictions on China Investments

Expansion of the U.S. Export Control Regime

Matthew Axelrod, the Assistant Secretary for Export Enforcement at the U.S. Department of Commerce's Bureau of Industry and Security (DOC), announced last week that U.S businesses will face higher penalties for export violations.

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