CNBC AI News, July 4th – Following a month-long hiatus, the United States has officially resumed the export of critical aircraft components, including engines, to China. This significant development signals a thawing in trade relations between the two economic powerhouses.
Sources close to the matter have confirmed that U.S. aerospace firms, notably GE Aerospace, have been granted approval to resume supplying essential parts and engines to Chinese airlines. This move comes after a temporary halt on such exports, which had cast a shadow over ongoing aviation industry collaborations.
Adding to the positive momentum, deliveries of Boeing aircraft to Chinese carriers, which were temporarily suspended in April, have also recommenced. This resumption is a welcome sign for China’s burgeoning aviation sector and underscores the easing of trade tensions.
This shift in policy follows closely on the heels of the U.S. lifting export restrictions on chip design software and ethane producers earlier this week. These actions collectively suggest that constructive dialogue and progress are being made in the ongoing trade negotiations between the U.S. and China.
Earlier reports from international media had indicated that the U.S. had imposed export restrictions on key technologies, including those related to jet engines and semiconductors, as a response to China’s rare earth material sanctions. The current reversal in policy is therefore a notable development.
According to U.S. sources, export licenses that were previously suspended by the U.S. Department of Commerce for multiple products and technologies intended for China’s COMAC C919 aircraft development have now been reinstated.
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