WASHINGTON – The Biden administration added a dozen Chinese corporations to its commerce blacklist on Wednesday, citing nationwide safety in addition to overseas coverage issues.
Eight expertise entities based mostly in China have been added to the listing for his or her alleged position in aiding the Chinese army's quantum computing efforts and buying or trying "to acquire U.S. origin-items in support of military applications."
U.S. officers have lengthy complained that Chinese corporations are beholden to the People's Republic of China and acquire delicate info on behalf of the People's Liberation Army. The Chinese Communist Party has beforehand mentioned that it doesn’t interact in industrial espionage.
The Commerce Department additionally listed 16 entities and people working in China and Pakistan for his or her work on Islamabad's nuclear and ballistic missile program. In all, the Biden administration added 27 entities and people situated within the People's Republic of China, Pakistan, Russia, Japan and Singapore.
"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 an announcement. "The Department of Commerce is committed to effectively using export controls to protect our national security."
The Chinese Embassy in Washington didn’t instantly reply to CNBC's request for remark.
The Department of Commerce's entity listing locations commerce restrictions on people and entities believed to have interaction in unfavorable or unethical exercise.
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