Connect with us

International

China criticizes US for blacklisting Chinese companies for trade

Published

on

 


Chinese and American flags fly in front of a corporate building in Shanghai, China on November 16, 2021. REUTERS / Aly Song

Register now for FREE and unlimited access to reuters.com

Register now

WASHINGTON, Nov.24 (Reuters) – China on Thursday criticized the United States for putting a dozen Chinese companies on its commercial blacklist for national security and foreign policy reasons, in some cases citing their development assistance of the Chinese military’s quantum computing efforts.

The Chinese additions to the blacklist maintained by the US Department of Commerce come amid growing tensions between Beijing and Washington over Taiwan’s status and trade issues.

The department also said that several entities and individuals from China and Pakistan have been added to the Commerce Department’s list of entities for contributing to Pakistan’s nuclear activities or ballistic missile program.

Register now for FREE and unlimited access to reuters.com

Register now

A total of 27 new entities have been added to the list from China, Japan, Pakistan and Singapore.

China strongly opposes sanctions against Chinese companies and will file solemn representations to the United States, Chinese Commerce Ministry spokesman Shu Jueting said Thursday at a press conference.

Commerce Secretary Gina Raimondo said in a statement on Wednesday that the new listings would help prevent US technology from supporting the development of “Chinese and Russian military advances and non-proliferation activities like Pakistan’s unprotected nuclear activities. or the ballistic missile program “.

The Chinese Embassy in Washington accused the United States of “using the catch-all concept of national security and abusing state power to suppress and restrict Chinese companies by any means possible.

“China strongly opposes it,” embassy spokesman Liu Pengyu said.

He said the United States should “follow the spirit” of a virtual meeting between US President Joe Biden and Chinese leader Xi Jinping last week and “meet China halfway instead of going over. far on the wrong track “.

China will take all necessary measures to defend its companies, and reserves the right to take countermeasures against the sanctions, Zhao Lijian, spokesman for the Chinese Ministry of Foreign Affairs, warned in a briefing Thursday.

The U.S. Department of Commerce said that Hangzhou Zhongke Microelectronics Co Ltd, Hunan Goke Microelectronics (300672.SZ), New H3C Semiconductor Technologies Co Ltd, Xi’an Aerospace Huaxun Technology and Yunchip Microelectronics have been placed on the Department’s Entity List. Trade for their “support for the military modernization of the People’s Liberation Army.

He also added the Hefei National Laboratory for Physical Sciences at Microscale, QuantumCTek (688027.SS) and Shanghai QuantumCTeck Co Ltd to the list for “the acquisition and attempted acquisition of items of American origin in support military applications ”.

The eight Chinese companies have been listed to prevent US technology from being used to help China develop quantum computing applications for its military.

The Commerce Department wants to prevent the Chinese military from developing its counter-stealth technology, which could include equipment such as advanced radars and counter-submarine applications such as underwater sensors. The action also prevents the use of U.S. hardware to help China break encryption or develop tamper-proof encryption, the Commerce Department said.

Suppliers of companies on the entity list will need to apply for a license before they can sell to them, which will likely be refused.

Separately, the Moscow Institute of Physics and Technology was added to the Commerce Department’s list of military end-users, but the list did not provide additional information that it had manufactured military products.

The entity list has been used more and more for national security and foreign policy purposes since the Trump administration. Chinese telecommunications company Huawei (HWT.UL) was added in 2019, cutting it off from some key suppliers and making it difficult for them to produce mobile handsets.

Register now for FREE and unlimited access to reuters.com

Register now

Reporting by Chris Sanders and Karen Freifeld; additional reporting by David Brunnstrom and Yew Lun Tian and Jing Xu in Beijing; Editing by Jonathan Oatis and Angus MacSwan

Our Standards: Thomson Reuters Trust Principles.

Sources

1/ https://Google.com/

2/ https://www.reuters.com/business/us-restricts-exports-dozen-more-chinese-companies-2021-11-24/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]