Hey fam! 👋 Big update from the Chinese mainland’s Ministry of Commerce: starting November 10, they’re pausing and axing parts of an “unreliable entity list” that targeted some U.S. companies! 🚀
Here’s the scoop:
- Extension Alert: Measures from April 4 get suspended for another year. ⏳
- Cut on the List: Measures from March 4 are fully removed. ✂️
- Open Applications: Domestic enterprises can apply to trade with these U.S. firms once approved. 📝
Why it matters: If you’re hustling in a startup in Bangalore, Jakarta or Manila, think smoother access to U.S. cloud services, gadget suppliers, or fintech partners. It’s a win for cross-border collab! 🌍💡
This move follows the China-U.S. economic talks in Kuala Lumpur 🇲🇾 – proof that trade diplomacy still shapes the tech scene.
In short: Changes to the unreliable entity list kick in Nov 10. Keep your applications ready, and let’s make those global partnerships happen! 🤝💼
Reference(s):
China adjusts unreliable entity list measures for some U.S. firms
cgtn.com
