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The Trump administration is close to publishing a list of 89 Chinese aerospace companies and other businesses that would not be able to access U.S. technology exports due to their military ties, Reuters reported, a move that could increase tensions as the Biden administration seizes on. prepares to take over.
A spokesman for the US Department of Commerce declined to comment, he told Reuters. Commercial Aircraft Corp of China Ltd, or Comac, and Aviation Industry Corp of China Ltd are among the named companies, Reuters reported, citing a draft of the list from the US Department of Commerce.
Such a declaration would restrict companies from purchasing US goods and technology, Reuters said.
The move could fuel already high tensions between the United States and China on fronts ranging from trade and Taiwan to handling the coronavirus as President-elect Joe Biden prepares to replace Donald Trump.
AVIC is a state-owned conglomerate with more than 100 subsidiaries and more than 450,000 employees. In June, the Trump administration included AVIC on a list of companies it said were controlled or owned by the Chinese People’s Liberation Army. The firm also has a civilian business that manufactures passenger jets and private jets, some built with parts made by joint ventures with US companies.
Comac manufactures alternatives to Boeing Co and Airbus SE planes and now delivers them to major Chinese airlines. The company is producing a single-aisle model designed to compete with the Boeing 737 and Airbus A320 and is in the early stages of developing a wide-body aircraft. AVIC is a shareholder in the aircraft manufacturer.
In its most recent forecast for China’s commercial aviation market, Boeing said that the country’s airlines are likely to buy 8,600 new aircraft over the next 20 years for a total of $ 1.4 trillion (RM5.73 trillion). .
The U.S. list comes after Trump earlier this month signed an order banning U.S. investments in Chinese companies owned or controlled by the military as it increases pressure on Beijing in his final months in office.
The U.S. Securities and Exchange Commission is pushing a plan that threatens to kick Chinese companies off U.S. stock exchanges, Bloomberg reported last week, with the intention of proposing regulation by the end of the month. year that would lead to the exclusion of companies for not complying with US standards. audit rules.
Reuters also reported on November 22 that a senior US military officer overseeing intelligence gathering for the Indo-Pacific Command made an unannounced visit to Taiwan, a move that risks further escalating tensions between Washington DC. and Beijing. – Bloomberg
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