The Beijing government cooperates with the US investigation to ensure that the US's cutting-edge technology will not be used by the Chinese military.

(Taken from the Internet, composed by American editors)

[Financial Channel/Comprehensive Report] After the talks between US President Biden and Chinese President Xi Jinping, the Beijing government began to cooperate with the investigation to ensure that the US's cutting-edge technology will not be used by the Chinese military.

"Bloomberg" reported that the United States included 31 Chinese companies or entities on the unverified list on October 7, including Yangtze River Storage, NAURA, and Advanced Technology.

The Chinese companies have 60 days to certify that their products will not be used in military end uses, according to people familiar with the matter.

The 60-day period will expire on Monday (5th), but no announcement is expected that day, and it is unclear which Chinese companies are subject to US scrutiny.

Please read on...

The U.S. Department of Commerce stated on October 7 that if these Chinese companies cannot prove within a certain period of time that their products will not be used for military end uses, they may be pushed into the U.S. Entity List.

According to sources, China's Ministry of Commerce is actively helping Chinese companies pass inspections, and the U.S. government has requested that these companies be removed from the list.

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