Economic news
US closely scrutinizing export requests to China -Commerce Dept
2023.05.30 16:37
© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song
WASHINGTON (Reuters) – The U.S Commerce Department is closely scrutinizing requests to send items to China and last year denied or took no action on 26%, a senior official said in written Senate testimony released on Tuesday.
Commerce Department official Thea Rozman Kendler said in written testimony for a Senate Banking Committee hearing Wednesday that in 2022 the department reviewed 5,064 export and re-export license applications and about 26% were denied or returned without action.
