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Reuters cited sources revealing that US President Trump is preparing to add CNOOC (00883) and SMIC (00981) to the sanctions blacklist of so-called Chinese military-related companies to restrict their access to US investment.
People familiar with the matter have said that the list also includes China International Engineering Consulting Co., Ltd. eChina Construction Technology Co。
This move and similar policies are seen as trying to reinforce Trump’s outgoing hard line on China and to place incoming Democratic President Biden on a tough stance against China in the atmosphere of hostility between the two sides in Congress. in.
The United States believes that China is striving to support companies in using emerging civilian technologies for military purposes. The list is also part of a wide range of measures taken by the United States in response to this practice in China.
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