Dozens of Chinese companies added to U.S. blacklist

BusinessDozens of Chinese companies added to U.S. blacklist

Date:

Dozens of Chinese companies added to U.S. blacklist

The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.

The U.S. Commerce Department’s move marked the Trump administration’s latest efforts to crack down on companies whose goods may support Chinese military activities and to punish Beijing for its treatment of Muslim minorities. It came as Communist Party rulers in Beijing on Friday unveiled details of a plan to impose national security laws on Hong Kong.

Seven companies and two institutions were listed for being “complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs” and others, the Commerce Department said in a statement.

Two dozen other companies, government institutions and commercial organizations were added for supporting procurement of items for use by the Chinese military, the department said in another statement.

The blacklisted companies focus on artificial intelligence and facial recognition, markets that U.S. chip companies such as Nvidia and Intel have been heavily investing in.

Share post:

Subscribe

Popular

More like this
Related

TMC Faces Fresh Trouble as Third Rajya Sabha MP Resigns, More Exits Likely

The Trinamool Congress (TMC) suffered another setback on Thursday...

GDP Growth Rate Explained Simply: Why It Matters for the Economy

Whenever India's economy performs well or faces challenges, GDP...

Finland Backs India on Russian Oil Purchases, Jaishankar Says ‘Cost and Availability Matter’

India's purchase of Russian oil received unexpected support from...

Nominal GDP vs Real GDP: What’s the Difference?

GDP is one of the most widely used indicators...