4 Chinese companies to join the US blacklist!

The administration of US President Donald Trump is preparing to add four Chinese companies to the blacklist of companies supported by the Chinese military, limiting the possibility of their dealings with American investors, according to Reuters, according to a document and sources. .

These companies are (SMIC), which is the largest chip manufacturer in China, China National Oil and Gas Corporation (CNOOC), as well as China Building Technology Corporation and China International Engineering Consultants Corporation.

The “Chinese Communist Military Companies” is a regulation created under a law passed in 1999 that requires the United States Department of Defense (the Pentagon) to compile a list of companies owned or controlled by the Chinese military.

The mentioned companies join other giants on the list, such as “Hikvision” for digital technology and “China Mobile”.

Last September, the US Department of Commerce placed restrictions on SMIC’s exports due to the “risk” of using the equipment supplied to it for military purposes.

A few days ago, the US president issued an executive order aimed at making this list more effective by preventing US investors from buying securities of the companies listed on it, starting in November 2021.

The expected move comes within the framework of the US president’s hard-line policy toward China and as part of Washington’s efforts to prevent Beijing from harnessing civilian technology for military purposes.