Reference News Network, July 4 report. According to Reuters, July 3 report, according to sources, the U.S. government informed General Electric-Aerospace on July 3 that it could resume exporting aircraft engines to COMAC in China. This further indicates that the U.S.-China trade tensions have eased.
The United States also lifted export restrictions on chip design software developers and ethane producers to China this week, indicating progress in trade negotiations between the two countries.
As part of the ongoing trade war between the world's two largest economies, the United States recently issued a suspension of licenses for different export products and new license requirements.
The license for General Electric-Aerospace affects the sale of engines to COMAC. COMAC hopes to compete internationally with the dominant aircraft manufacturers Airbus and Boeing. (Translation by Xu Yanhong)
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