China

12 more Chinese companies are placed on US export blacklist




The US government added a dozen more Chinese firms to its export blacklist on Wednesday, the latest move from Washington to crack down on American business ties to China’s hi-tech defence sector.“Global trade and commerce should support peace, prosperity and good-paying jobs, not national security risks,” US Secretary of Commerce Gina Raimondo said in a statement.The additions to the Commerce Department’s blacklist, known officially as the entity list, include quantum computing companies,…



READ SOURCE

See also  ByteDance revenues more than double on back of TikTok boom

Leave a Reply