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The administration of US President Donald Trump is expected to “blacklist” two other major Chinese companies, including oil and gas corporation CNOOC, on suspicion of ties to the Beijing military.
(Illustration: AFP)
Reuters The two companies the United States is targeting are China’s top chipmakers, SMIC, and national offshore oil and gas producer CNOOC. The two companies are suspected of having ties to the Chinese military and their “blacklisting” will limit SMIC and CNOOC’s access to US investors.
Earlier this month, Reuters reported that the US Department of Defense plans to place four more Chinese companies on suspicion of being controlled or owned by the Chinese military, bringing the number of Chinese companies on the “black list” to 35.
This move, along with a series of similar policies, is seen as an attempt by current President Trump to reinforce his legacy during his tenure as a very tough Chinese stance.
The “blacklist” is also seen as part of a massive effort Washington has made against what it sees as an attempt by Beijing to gather civilian technology for military use.
Previously, the US Department of Commerce also placed restrictions on SMIC after it said there was an “unacceptable threat” that equipment sold by the US side to SMIC could be used for military purposes. . In addition to SMIC, large Chinese companies such as Hikvision, China Telecom and China Mobile have also signed up.
The recent US measures are seen to heighten tensions between Washington and Beijing in the context of two countries in conflict over a number of anti-Covid-19 issues, the East Sea, Hong Kong and Taiwan. Loan.
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According to the Reuters
