Name: US Approved $23 Billion in Licenses for Blacklisted Chinese Firms
Uploaded: 2023-03-02T07:50:28.000Z
Description: More than $23 billion worth of U.S. tech products got the green light to be sent to China in the first quarter of 2022 alone.

Tiffany Meier is an anchor, China news investigative reporter, and producer for NTD News based at the network's global headquarters in New York City. Tiffany anchors NTD's flagship shows "NTD Evening News" and "China in Focus" and co-moderates NTD's special election coverage "The Nation Decides." She produced the award-winning NTD Original documentary "Hollywood Takeover: China's Control in the Film Industry."


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More than $23 billion worth of U.S. tech products got the green light to be sent to China in the first quarter of 2022 alone.

The information comes from Congressman Michael McCaul. who spoke during a Committee hearing.

Even when a Chinese company is put on the U.S. blacklist, American companies can still apply for certain export licenses to do business with them.

McCaul claimed that only 8 percent of requests for those licenses were denied last year from January to March.

As of now, almost 640 Chinese companies are listed on the Entity List.

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