Chinese and U.S. flags flutter exterior an organization constructing in Shanghai, China November 16, 2021.
Aly Track | Reuters
WASHINGTON – The Biden administration added a dozen Chinese firms to its commerce blacklist on Wednesday citing national security in addition to overseas coverage concerns.
Eight know-how entities based mostly in China have been added to the listing for his or her alleged position in helping the Chinese navy’s quantum computing efforts and buying or trying “to amass U.S. origin-items in assist of navy functions.”
U.S. officers have lengthy complained that Chinese firms are beholden to the Folks’s Republic of China and gather delicate data on behalf of the Folks’s Liberation Military. The Chinese Communist Get together has beforehand stated that it doesn’t have interaction in industrial espionage.
The Commerce Division additionally listed 16 entities and people working in China and Pakistan for his or her work on Islamabad’s nuclear and ballistic missile program. In all, the Biden administration added 27 entities and people positioned within the Folks’s Republic of China, Pakistan, Russia, Japan and Singapore.
“International commerce and commerce ought to assist peace, prosperity, and good-paying jobs, not national security dangers,” wrote U.S. Secretary of Commerce Gina Raimondo in a press release. “The Division of Commerce is dedicated to successfully utilizing export controls to guard our national security.”
The Chinese Embassy in Washington didn’t instantly reply to CNBC’s request for remark.
The Division of Commerce’s entity listing locations commerce restrictions on people and entities believed to have interaction in unfavorable or unethical exercise.
U.S. blacklists dozens of Chinese tech firms citing national security concerns Source link U.S. blacklists dozens of Chinese tech firms citing national security concerns