Saturday, December 19, 2020

MORE CHINESE COs ADDED TO USA BLACKLIST

 WASHINGTON — The United States added dozens of Chinese companies, including the country’s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump’s administration ratchets up tensions with China in his final weeks in office.

The U.S. Commerce Department said the action against SMIC stems from Beijing’s efforts to harness civilian technologies for military purposes and evidence of activities between SMIC and Chinese military industrial companies of concern.

The Commerce Department will “not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary,” Secretary Wilbur Ross said in a statement.

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