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U.S. blacklists dozens of Chinese tech firms citing national security concerns

2021-11-25 09:07:05       source:CNBC

November 24, 2021


WASHINGTON – The Biden administration added a dozen Chinese companies to its trade blacklist on Wednesday, citing national security as well as foreign policy concerns.


Eight technology entities based in China were added to the list for their alleged role in assisting the Chinese military's quantum computing efforts and acquiring or attempting "to acquire U.S. origin-items in support of military applications."


U.S. officials have long complained that Chinese companies are beholden to the People's Republic of China and collect sensitive information on behalf of the People's Liberation Army. The Chinese Communist Party has previously said that it does not engage in industrial espionage. 


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https://www.cnbc.com/2021/11/24/us-blacklists-dozens-of-chinese-tech-firms.html