The US Department of Defense added more Chinese companies, including drone maker DJI Technology Co (大疆創新) and surveillance equipment maker Zhejiang Dahua Technology Co (浙江大華科技), to a blacklist that subjects them to an investment ban for Americans.
BGI Genomics Co Ltd (華大基因), which has DNA-sequencing contracts with health firms and universities worldwide, and runs a massive gene databank, as well as CRRC Corp (中國中車), which engages in the manufacture and sale of rail transit equipment, are also among the 13 companies added to the list released by the Pentagon on Wednesday.
Last year, a Reuters review of scientific papers and company statements found that BGI developed its prenatal tests in collaboration with the Chinese military and was using them to collect genetic data for sweeping research on the traits of populations.
Photo: REUTERS
“The Department is determined to highlight and counter the People’s Republic of China’s [PRC] Military-Civil Fusion strategy, which supports the modernization goals of the [Chinese] People’s Liberation Army by ensuring its access to advanced technologies and expertise are acquired and developed by PRC companies, universities and research programs that appear to be civilian entities,” the Pentagon said in a statement.
The list bars buying or selling publicly traded securities in target companies.
An initial tranche of about 50 Chinese firms that included telecoms equipment maker Huawei Technologies Co (華為) was added to the US list in June last year.
At the time, US President Joe Biden signed an executive order that banned US entities from investing in the dozens of Chinese firms with alleged ties to defense or surveillance technology sectors.
The order aimed to prevent US investment from supporting the Chinese military-industrial complex, as well as military, intelligence and security research and development programs.
It was part of Biden’s broader series of steps to counter China, including reinforcing US alliances and pursuing large domestic investments to bolster US economic competitiveness, amid increasingly sour relations between the world’s two biggest economies.
Separately, sources have said that the Biden administration is planning to exclude SK Hynix Inc and Samsung Electronics Co from new restrictions on DRAM and flash memorychip makers in China.
The US Department of Commerce, which is scheduled to release new curbs on exports to China this week, will likely deny requests by US DRAM or flash memorychip equipment suppliers to send their products to Chinese firms including Yangtze Memory Technologies Co (YMTC, 長江存儲) and ChangXin Memory Technologies Inc (CXMT, 長鑫存儲), they said.
However, license requests to sell equipment to non-Chinese firms making advanced memory chips in the country would be reviewed on a case-by-case basis, they said.
“The goal is not to hurt non-indigenous companies,” one of the people briefed on the matter said.
The White House and the commerce department declined to comment.
SK Hynix, Samsung, YMTC and CXMT did not respond to requests for comment.
The Chinese embassy in the US on Thursday described the expected rules as “sci-tech hegemony.”
It said the US is using its “technological prowess ... to hobble and suppress the development of emerging markets and developing countries.”
South Korea has adjusted its electronic arrival card system to no longer list Taiwan as a part of China, a move that the Ministry of Foreign Affairs said would help facilitate exchanges between the two sides. South Korea previously listed “Taiwan” as “Taiwan (China)” in the drop-down menus of its online arrival card system, where people had to fill out where they came from and their next destination. The ministry had requested South Korea make a revision and said it would change South Korea’s name on Taiwan’s online immigration system from “Republic of Korea” to “Korea (South),” should the issue not be
Tainan, Taipei and New Taipei City recorded the highest fines nationwide for illegal accommodations in the first quarter of this year, with fines issued in the three cities each exceeding NT$7 million (US$220,639), Tourism Administration data showed. Among them, Taipei had the highest number of illegal short-term rental units, with 410. There were 3,280 legally registered hotels nationwide in the first quarter, down by 14 properties, or 0.43 percent, from a year earlier, likely indicating operators exiting the market, the agency said. However, the number of unregistered properties rose to 1,174, including 314 illegal hotels and 860 illegal short-term rental
ECONOMIC COERCION: Such actions are often inconsistently applied, sometimes resumed, and sometimes just halted, the Presidential Office spokeswoman said The government backs healthy and orderly cross-strait exchanges, but such arrangements should not be made with political conditions attached and never be used as leverage for political maneuvering or partisan agendas, Presidential Office spokeswoman Karen Kuo (郭雅慧) said yesterday. Kuo made the remarks after China earlier in the day announced 10 new “incentive measures” for Taiwan, following a landmark meeting between Chinese President Xi Jinping (習近平) and Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) in Beijing on Friday. The measures, unveiled by China’s Xinhua news agency, include plans to resume individual travel by residents of Shanghai and China’s Fujian
Chinese President Xi Jinping (習近平) and Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) met in Beijing yesterday, where they vowed to bring people on both sides of the Taiwan Strait closer to facilitate the “great rejuvenation of the Chinese nation.” The meeting was held in the East Hall of the Great Hall of the People, a venue typically reserved for meetings between Xi and foreign heads of state. In public remarks prior to a closed-door meeting, Xi, in his role as head of the Chinese Communist Party (CCP), said that Taiwan is historically part of China, and remains an “inalienable” and
RSS