Tuesday, November 30, 2021
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US adds a dozen Chinese companies to its trade blacklist

The US Commerce Department on Wednesday added a dozen Chinese companies to a trade blacklist, saying that among the corporations have supported the modernization of China’s military.

US officers referred to as the transfer a part of an effort to stop rising US applied sciences from getting used for quantum computing efforts that might help China’s army, akin to “counter-stealth and counter-submarine applications.”

The Commerce Department additionally cited considerations about China’s “ability to break encryption or develop unbreakable encryption.” And it stated that a number of entities from China and Pakistan have been added to the listing for contributing to Pakistan’s nuclear actions or ballistic missile program.

Tensions between the United States and China that escalated below former President Donald Trump have continued to simmer below President Joe Biden. And regardless of a current first digital summit with President Xi Jinping, and collaboration on the local weather disaster and oil reserves, his administration has up to now carried out little to wind down the strain on Beijing.
In April, the Biden administration added seven Chinese companies with ties to the army to the listing that restricts US corporations from coping with the companies. At the time, the Commerce Department stated these companies operated within the area of supercomputing and have helped the Chinese authorities modernize its army or have labored on weapons of mass destruction packages.

China’s Foreign Ministry on Thursday blasted the brand new sanctions, saying that the nation “will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.”

Spokesperson Zhao Lijian accused the United States of getting “repeatedly generalized national security” and having “abused state power” to suppress Chinese enterprises.

In whole, 27 international entities and people have been added to the US Commerce Department’s trade blacklist. Along with the Chinese companies, different targets have been primarily based in Pakistan, Japan and Singapore.

“Global trade and commerce should support peace, prosperity, and good-paying jobs, not national security risks,” US Secretary of Commerce Gina M. Raimondo stated in a assertion.

— CNN’s Beijing bureau contributed to this report.

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Tuesday, November 30, 2021

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