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8/16, 11:44 AM (Source: TeleTrader)
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Report: US exporting tech products to China despite tensions

The United States Commerce Department has continued to approve nearly all export requests of tech products to China despite the Biden administration recognizing the competition with Beijing in the tech industry as a national security threat.

According to a report published on Tuesday by the Wall Street Journal, the Commerce Department's data showed that an export license was needed in less than 0.5% out of the $125 billion worth of tech exports to China in 2020. Furthermore, the license was approved in 94% of the cases.

The US has exported a wide range of tech products to China over the past years, including semiconductors, aerospace components, and AI-related products, all of which could be used to further develop Chinese military capabilities, the paper concluded.

Baha Breaking News (BBN) / ND