The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday.
McCaul also said the Commerce Department, which oversees export controls, denied only 8 per cent of license requests to sell to those companies during the January to March period last year.
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Australia blocks Chinese investment in rare earth firm citing national interest -executiveSYDNEY :Northern Minerals Ltd on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on grounds of national interest.Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its ownershi
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