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 are the US blacklist China companies?
They include Corad Technology (Shenzhen) Ltd.; Hangzhou Zhongke Microelectronics Co. Ltd.; Hefei National Laboratory for Physical Sciences at Microscale; Hunan Goke Microelectronics; New H3C Semiconductor Technologies Co. Ltd.; Peaktek Company Ltd.; Poly Asia Pacific Ltd. (PAPL); QuantumCTek Co.
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.
Should the US trade with China?
While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support nearly 1 million US jobs, and Chinese companies invested in the United States employ over 120,000 workers. It helps US companies compete globally.
How many Chinese companies are on the Entity List?
According to Chinese media reports, a total of 260 Chinese entities are on the Entity List. Designated entities consist of mainly companies and research institutions (including universities like Harbin Institute of Technology) involved in military technology, 5G, AI, and other advanced technologies.
Does the United States have sanctions against China?
In 2020, the US imposed sanctions and visa restrictions against several Chinese government officials, in response to allegations of a genocide against the Uyghur population in Xinjiang and human rights abuses in Hong Kong and Tibet. …
How many countries are under US sanctions?
Combined, the Treasury Department, the Commerce Department and the State Department list embargoes against 30 countries or territories: Afghanistan, Belarus, Burundi, Cambodia, Central African Republic, China (PR), Côte d’Ivoire, Crimea Region, Cuba, Cyprus, Democratic Republic of the Congo, Eritrea, Haiti, Iran, Iraq, …
What does it mean to be blacklisted by the US?
If someone is on a blacklist, they are seen by a government or other organization as being one of a number of people who cannot be trusted or who have done something wrong. … If someone is blacklisted by a government or organization, they are put on a blacklist.