U.S. Sanctions More Chinese Technology Firms Over National Security Concerns

 

CNBC: U.S. blacklists dozens of Chinese tech firms citing national security concerns 

* The Biden administration added a dozen Chinese companies to its trade blacklist on Wednesday. 

* Of those blacklisted, eight Chinese technology entities were added for their alleged role in assisting the Chinese military’s quantum computing efforts. 

* U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army. 

WASHINGTON – The Biden administration added a dozen Chinese companies to its trade blacklist on Wednesday, citing national security as well as foreign policy concerns. 

Eight technology entities based in China were added to the list for their alleged role in assisting the Chinese military’s quantum computing efforts and acquiring or attempting “to acquire U.S. origin-items in support of military applications.” 

U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army. 

The Chinese Communist Party has previously said that it does not engage in industrial espionage.  

Read more ….  

WNU Editor: China responds …. China Says U.S. Tech Blacklist Moves Violate Xi-Biden Consensus (Bloomberg). More here …. China calls US ‘hysterical’ after new tech ban on Chinese firms (Global Times). 

 U.S. Sanctions More Chinese Technology Firms Over National Security Concerns  

US restricts trade with a dozen more Chinese technology firms — BBC 

12 more Chinese companies are placed on US export blacklist — SCMP  

U.S. puts Chinese firms helping military on trade blacklist — Reuters  

US adds a dozen Chinese companies to its trade blacklist — CNN

Author: Anchorman

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