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In the News: US Expands Entity List; China Moves to Encourage Foreign Venture Capital; and Chinese Green Tech Invests in EU
July 04, 2024 | BY
Clarence Lee &Krista LeeThe U.S. has added additional Chinese companies to its Entity List and Unverified List; China's State Council has taken steps to encourage foreign venture capital in the tech sector; and Chinese electrolyzer manufacturers are "Europeanizing" their products in anticipation of an EU crackdown.
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Credit: ARM/Adobe Stock
Additional Chinese Companies Added to US Entity List
On July 2, the U.S. Department of Commerce added six new companies to its trade restrictions list, known as the Entity List. Four of the companies, including two Chinese companies (Global Training Solutions Limited and Smartech Future Limited), were added because of their roles in training China's military forces using Western and NATO sources, according to Reuters.
A license requirement for all items subject to the Export Administration Regulations that are to be exported, re-exported, or transferred is now imposed on each of these