Investing
US adds 13 companies in China to unverified list
© Reuters. FILE PHOTO: China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
WASHINGTON (Reuters) – The United States has added 13 companies in China to its list of companies U.S. officials have been unable to inspect, according to a government notice posted on Tuesday.
Under a policy implemented during the Biden administration, if a government prevents U.S. officials from conducting site checks at companies on the unverified list, Washington will then start the process of adding them to the entity list – a more restrictive export control list – after 60 days.
The new additions include PNC Systems Co Ltd of Jiangsu, Beijing Shengbo Xietong Technology Co Ltd, Guangzhou Xinwei Transportation Co Ltd and Plexus (NASDAQ:) (Xiamen) Co Ltd.
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