Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

US closely scrutinizing export requests to China -Commerce Dept

2023-05-31 04:21
WASHINGTON The U.S Commerce Department is closely scrutinizing requests to send items to China and last year denied
US closely scrutinizing export requests to China -Commerce Dept

WASHINGTON 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.

(Reporting by David Shepardson; Editing by Chris Reese)