What Chinese companies are banned in US?
List of blacklisted Chinese companies
- Aero Engine Corporation of China.
- Aerospace CH UAV Co., Ltd.
- Aerospace Communications Holdings Group Company Limited.
- Aerosun Corporation.
- Anhui Greatwall Military Industry Company Limited.
- Aviation Industry Corporation of China, Ltd.
- AVIC Aviation High-Technology Company Limited.
What Chinese companies have been blacklisted?
The U.S. Commerce Department said Hangzhou Zhongke Microelectronics Co Ltd, Hunan Goke Microelectronics (300672.SZ), New H3C Semiconductor Technologies Co Ltd, Xi’an Aerospace Huaxun Technology and Yunchip Microelectronics were placed on the Commerce Department’s entity list for their “support of the military …
Is it illegal to invest in Chinese companies?
The reason is that under Chinese law, foreign ownership in certain (most) Chinese industries is prohibited. As a result, it is illegal for Chinese companies like JD.com and Alibaba to have any non-Chinese shareholders.
How many Chinese companies are blacklisted in the US?
Notably, during the recent virtual meeting between US President Joe Biden and his Chinese counterpart Xi Jinping, the world leaders discussed trade among several other topics. Meanwhile, the reported eight Chinese companies are not the only ones that have been blacklisted by the US.
What big companies are banned in China?
The Great Firewall prevents users from accessing foreign news sites such as the BBC, The New York Times, and The Wall Street Journal, among others. 7 Foreign web services that are blocked include Facebook, Google, Twitter, Instagram, Snapchat, Yahoo, Slack, and YouTube.
Why did US blacklist Chinese companies?
WASHINGTON—The Biden administration added dozens of Chinese companies and research institutes to blacklists restricting access to U.S. investment and technology for their alleged support for China’s military and the mass surveillance of mainly Muslim ethnic groups.
How many companies has the US Commerce Department blacklisted recently for doing business with government agencies in Xinjiang?
The US Department of Commerce added 23 Chinese entities to its blacklist, including 14 it alleges “have enabled Beijing’s campaign of repression, mass detention, and high-technology surveillance” against ethnic and religious minorities in the northwest region of Xinjiang, where the US has accused the Chinese government …