Beijing condemns US move to blacklist Chinese companies
Summary
The US government has blacklisted several major Chinese companies, including Alibaba and Baidu, accusing them of supporting China’s military. China strongly opposes this move and has asked the US to reverse its decision, saying it unfairly targets Chinese businesses.Key Facts
- The US added major Chinese firms like Alibaba, Baidu, Tencent, and two memory chipmakers to a blacklist of companies linked to China’s military.
- China’s foreign ministry called the US action “unreasonable suppression” and urged the US to correct the move.
- The blacklist update came shortly after President Donald Trump met Chinese leader Xi Jinping in Beijing to discuss cooperation.
- China’s companies Alibaba and Baidu denied the accusations and threatened legal action.
- The US said the blacklist warns American businesses and government to avoid dealing with these Chinese firms.
- Some companies on the list are involved in advanced technologies like artificial intelligence and memory chip production.
- The Pentagon previously released and then removed a similar blacklist earlier in the year.
- This action could increase tensions between the US and China, the world’s two largest economies.
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