33 Chinese companies added to US blacklist in latest Beijing spat



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33 Chinese companies added to US blacklist in latest Beijing spat

Pouring fresh scorns over an escalated Sino-US tension, the United States Commerce Department had issued a statement on the 22nd of May, 2020, saying that the office of USTR (US Trade Representative) would add 33 Chinese firms, institutions and enterprises into an economic blacklist because of their alleged spying on behalf of China on the Chinese minority Muslim Uighur population and others alongside their disputed tie-ups with China’s nuclear programs and other military activities, a scorching US move which would likely to meet up with menacing consequences, suggested analysts.

Besides, the US President Donald Trump and his Administration’s latest move to crack down on Chinese firms linked to critical supply chains for Chinese military activities came forth at the same day the Chinese Government had issued a new National Security Law aimed at lashing out on pro-democracy protests in Hong Kong, fears of a renewed wave of a Sino-US spat alongside deteriorating feasibility of a long-awaited “Phase One” US-China trade deal what analysts had long been contemplated as a dangling carrot in front of the global money markets, had rattled investors’ optimism and sent a shockwave in to the global stock exchanges.

US blacklist in latest Beijing rebuke

Aside from that, as the latest US blacklisting of Chinese firms largely coincided with an October 2019 move when the US Commerce Department had added 28 Chinese public security companies and bureaus including a basket of Artificial Intelligence start-ups and a video surveillance firm Hikvision to a trade blacklist, US Commerce Department said on its May 22nd statement, “2 institutions and 7 companies were listed for being complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labour and high-technology surveillance against Uighurs and others,” adding the rests including government institutions and commercial organizations were added for backing up the production lines used by the Chinese military.