US all set to impose sanctions on 20 listed companies controlled by the Chinese regime

The Financial Times said that the Congress required the Pentagon to produce the list in 1999, but officials never followed through on the request

The US has identified and listed 20 Chinese companies, including Huawei Technologies, which are controlled by the military regime in Beijing.

The listed companies are now prone to potential sanctions as part of the Donald Trump administration's efforts to prevent China from securing US investment and access to certain technologies.

Media reports said that the Pentagon issued a list of "Communist Chinese military companies operating in the US" and it includes "entities owned by, controlled by, or affiliated with China's government, military, or defence industry."

The companies on the list include 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.

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Quoting Pentagon spokesman Jonathan Hoffman, reports said, "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 said that the Congress required the Pentagon to produce the list in 1999, but officials never followed through on the request. The effort gained momentum as lawmakers responded to rising tensions with Beijing, the FT reported.


SOURCES: IANS


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