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Reuters
Reuters
Business
By Alexandra Alper and Karen Freifeld

Exclusive-U.S. to remove some Chinese entities from red flag list soon, U.S. official says

Joe Biden Beijing YMTC
Flags of U.S. and China are seen in this illustration picture taken August 2, 2022. REUTERS/Florence Lo/Illustration

The Biden administration plans to remove some Chinese entities from a red flag trade list, a U.S. official told Reuters on Wednesday amid closer cooperation with Beijing.

The plan to remove them soon from the so-called "unverified" list is thanks to greater willingness from the Chinese government to permit U.S. site visits, the person said.

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