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The U.S. blacklists dozens of Chinese tech firms citing national security concerns


On Wednesday, the Biden administration added a dozen Chinese companies to its trade blacklist, citing national security and foreign policy concerns.

Eight Chinese technology companies have been added to the list for allegedly supporting the Chinese military's quantum computing activities and attempting or procuring "U.S. origin-items in support of military applications."

According to US authorities, Chinese firms are beholden to the People's Republic of China and acquire sensitive information on behalf of the People's Liberation Army. The Chinese Communist Party has repeatedly stated that industrial espionage is not part of its policy.

The Commerce Department also named 16 Chinese and Pakistani companies and individuals for their involvement in Islamabad's nuclear jobs and ballistic missile programs. In total, the Biden administration added 27 corporations and individuals from China, Pakistan, Russia, Japan, and Singapore to the list.


Global trade and commerce should support peace, prosperity, and good-paying jobs, not national security risks,” wrote U.S. Secretary of Commerce Gina Raimondo in a statement. “The Department of Commerce is committed to effectively using export controls to protect our national security.”

The Chinese Embassy in Washington did not respond to a request for comment from CNBC jobs right away. Individuals and businesses suspected of engaging in unfavorable or unethical behavior are placed on the Department of Commerce's entity list, setting trade restrictions.

Source: CNBC

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