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Hai Duong 981 oil platform – Photo: Tan Hoa commune
These four companies are: China Construction Technology Company Limited, China International Technical Consulting Company, International Semiconductor Manufacturing Company (SMIC), and Hai Duong Trung Petroleum Corporation. National (CNOOC).
Four more companies, the total number of Chinese companies blacklisted by US military involvement has risen to 35. These companies will have limited access to US investors.
The Defense Department has yet to comment on the Reuters news.
The move, along with similar policies, is supposed to reinforce President Trump’s tough political legacy toward China, while at the same time forcing Biden, who will likely enter the next White House, faced a tough stance on Beijing on both sides.
Washington argues that Beijing enlists emerging corporations to exploit civilian technology for military purposes and the blacklist aims to target it.
Reuters also reported last week that the Trump administration may restrict 89 Chinese aviation companies and those with ties to the military from purchasing American goods and technology.
Chipmaker SMIC has long been a target. In September, the US Department of Commerce imposed restrictions on SMIC’s exports after concluding that there was an “unacceptable risk” in “that the equipment supplied by SMIC could be used for military purposes.”
Other giants like Hikvision, China Telecom and China Mobile were added to the list earlier this year.
This month, the White House announced an executive order prohibiting US investors from buying securities of blacklisted companies starting in November 2021.
Experts say the directive is unlikely to seriously affect Chinese companies due to uncertainty about the administration’s stance when Biden is officially president.
However, combined with other measures, the new directive deepens the gap between Washington and Beijing, which has been poorly done by the translation of COVID-19 and the Hong Kong problem.
The US administration is also increasingly seeking to limit access to the US market for Chinese companies that do not abide by the rules that US companies adhere to, even if it means going against their wishes. of Wall Street.
