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HomeBusinessBeijing Rebukes the U.S. Over the Addition of Major Chinese Tech Firms to Blacklist

Beijing Rebukes the U.S. Over the Addition of Major Chinese Tech Firms to Blacklist

Beijing Rebukes the U.S. Over the Addition of Major Chinese Tech Firms to Blacklist

China is “strongly dissatisfied” with a U.S. move to add several large Chinese companies ​to the Pentagon’s list of firms it says are aiding ‌China’s military, the commerce ministry said on Saturday.

 

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The foreign ministry has also expressed concern about the U.S. Defense Department’s long-awaited update to its ​list on Monday, which included such top technology names ​as e-commerce giant Alibaba (9988.HK),  internet search provider Baidu (9888.HK) and ⁠automakers BYD (002594.SZ), and NIO (9866.HK).

 

The list also includes the world’s largest ​solar panel makers: Trina Solar (688599.SS), and JA Solar Technology (002459.SZ).

 

The list includes ​a broad swathe of China’s top technology firms key to advancing Beijing’s military and industrial prowess, reflecting Washington’s security concerns amid intense geopolitical competition ​between the countries.

 

“China is strongly dissatisfied and firmly opposes this,” ​the commerce ministry said in a statement. “China urges the U.S. to immediately ‌stop ⁠its erroneous practices, immediately withdraw relevant measures and return to the correct track of building a constructive strategic and stable China-U.S. relationship.”

 

 

If Chinese firms are not treated fairly, it said, Beijing ​will “inevitably retaliate resolutely ​and forcefully”.
The Pentagon ⁠update supersedes a list from early 2025 and comes a month after Presidents Donald Trump ​and Xi Jinping met in Beijing and maintained ​a delicate ⁠trade-war truce.

 

The ministry statement said the Pentagon’s move “ignored the consensus” reached between the two leaders.
Under U.S. law, the Defense Department will ⁠be prohibited ​from contracting directly with companies on ​the list and restricted from buying their products or services through third parties ​from 2027.

 

 

 

 

 

Reporting by Beijing newsroom and Greg Torode in Hong Kong;

This article was first reported by Reuters