U.S. Blacklists Chinese Giants in New Military-Affiliated Firms List
The United States has added major Chinese companies like Alibaba, Baidu, and BYD to a list believed to assist Beijing's military efforts. This move, following a Trump-Xi meeting, risks escalating U.S.-China tensions. Firms like Alibaba and BYD have condemned the decision, planning legal actions to challenge their listing.
The United States has expanded a contentious list of Chinese companies suspected of aiding Beijing's military, now including Alibaba, Baidu, BYD, and NIO. The decision, made public on Monday, follows a meeting between former U.S. President Donald Trump and China's Xi Jinping, threatening to further strain bilateral relations.
China's foreign ministry decried the list as discriminatory, urging the U.S. to cease its "unreasonable suppression" of Chinese businesses. Officials stated the update signals a warning to American businesses and government agencies about the threat posed by these firms to U.S. national interests.
Despite the absence of formal sanctions, companies like Alibaba and BYD voiced intentions to contest their inclusion via administrative and legal channels, arguing there's no basis for the military connection. The list impacts the companies' operational dynamics, including their ability to secure contracts with U.S. entities.
ALSO READ
-
East Asia’s AI Boom Fuels Growth and Opens a New Path to Better Jobs
-
More Than Shorter Commute: How Compact Cities Can Help Migrant Workers Find Jobs
-
ILO Report Reveals How to Bring Social Security Within Reach of Informal Workers
-
WTO Sets Up Panel on EU Carbon Border Rules as Russia Challenges Restrictions
-
WHO Brings Global Experts Together to Strengthen Herbal Medicine Quality and Safety
Google News