US lists 20 companies controlled by Chinese regime


US lists 20 companies controlled by Chinese regime
Image Source : AP (FILE)

US lists 20 companies controlled by Chinese regime

The US has recognized and listed 20 Chinese companies, together with Huawei Technologies, that are controlled by the army regime in Beijing.

The listed companies are actually vulnerable to potential sanctions as a part of the Donald Trump administration’s efforts to stop China from securing US funding and entry to sure applied sciences.

Media reviews stated that the Pentagon issued a listing of “Communist Chinese military companies operating in the US” and it consists of “entities owned by, controlled by, or affiliated with China’s government, military, or defence industry.”

The companies on the record embody Aviation Industry Corporation of China, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, China Electronics Technology Group Corporation, China South Industries Group Corporation, China Shipbuilding Industry Corporation, China State Shipbuilding Corporation, China North Industries Group Corporation, Hangzhou Hivision Digital Technology Co, Huawei, Inspur Group, Aero Engine Corporation of China, China Railway Construction Corporation, CRRC Corp, Panda Electronics Group, Dawning Information Industry Co, China Mobile Communications Group, China General Nuclear Power Corp, China National Nuclear Corp and China Telecommunications Corp.

Quoting Pentagon spokesman Jonathan Hoffman, reviews stated, “As the People’s Republic of China attempts to blur the lines between civil and military sectors, ‘knowing your supplier’ is critical. We envision this list will be a useful tool for the US government, companies, investors, academic institutions, and like-minded partners to conduct due diligence with regard to partnerships with these entities, particularly as the list grows.”

The Financial Times stated that the Congress required the Pentagon to provide the record in 1999, however officers by no means adopted by means of on the request. The effort gained momentum as lawmakers responded to rising tensions with Beijing, the FT reported.

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