The United States has officially blacklisted 4 Chinese companies including SMIC | SMIC | CNOOC | CNOOC

[Epoch Times News del 4 dicembre 2020](full report by Epoch Times reporter Xu Jian) ​​On Thursday (December 3), the US government officially named four more Chinese companies: SMIC and China National Offshore Oil Corporation. CNOOC, China Construction Technology and China International Engineering Consulting Corporation (CIECC) have been included in the corporate blacklist.

Listen to the news:

(For more news, go to the “Listening Epoch” platform)

The US Department of Defense believes that these four Chinese-funded companies are owned or controlled by the Chinese Communist Army and endanger US national security, and thus restrict US investors from investing in them.

Previously, on November 30, foreign media reported that the United States could add these companies to the blacklist. The shares of the four companies collapsed immediately. CNOOC’s Hong Kong-listed share price plunged nearly 14%.

At present, 35 Chinese-funded companies have been blacklisted. The US Department of Defense has not yet taken punitive measures against this blacklist. However, President Trump issued an executive order in November to block American investors. Starting from the second half of next year, purchase of securities of blacklisted companies.

Under the 1999 United States law, the Department of Defense must compile a list of companies owned or controlled by the Chinese military. The Department of Defense compiled this list only in 2020. Earlier this year, Hikvision, China Telecom and China Mobile have all been added to this list.

Founded in 2000, SMIC has since become the most famous chip maker in mainland China, but is heavily dependent on equipment from American suppliers. SMIC’s largest customer is Huawei, which has encountered many restrictions in the United States.

In late September, the British “Financial Times” reported that the United States Department of Commerce’s Bureau of Industry and Security issued a document on September 25, showing that the SMIC was also blacklisted in the United States. trade embargo, that is, the United States opposed it. Control import and export.

On Thursday, US National Intelligence Director John Ratcliffe said in an article published in the Wall Street Journal that the CCP is currently the greatest threat to the United States, and is also a major threat to democracy and democracy. world peace since World War II. The greatest threat to freedom.

He believes that the CCP’s economic espionage methods are “rob, copy and replace”, “steal the intellectual property rights of American companies, copy technology, and then replace American companies in the global market.” Especially the CCP’s attempt to steal the sensitive US defense technology, “To promote Xi Jinping’s ambitious plan, China will become the world’s most important military force.” #

Responsible Director: Li Ling