US targets Chinese hi-tech and defense sectors in ‘deepening crackdown’

us targets chinese hi tech and defense sectors in deepening crackdown

Sumary of US targets Chinese hi-tech and defense sectors in ‘deepening crackdown’:

  • Washington will continue to target China’s hi-tech and defence sectors and is taking steps that may lead to a technology decoupling, observers say after the US added more Chinese firms to its export blacklist.
  • A dozen Chinese firms – including quantum computing and semiconductor companies and businesses that have contributed “to Pakistan’s unsafeguarded nuclear activities” – were placed on the trade blacklist, known as the entity list, on Wednesday, with the US government citing national security concerns.
  • Some of those firms were blacklisted for their “support of the military modernisation of the People’s Liberation Army” and “acquiring and attempting to acquire US-origin items in support of military applications”, the US Commerce Department said.
  • The latest move comes as tensions simmer over issues from trade to Taiwan and human rights and after the US expressed concern over China’s rapid military developments, including the recent test of a nuclear-capable hypersonic missile.
  • “Global trade and commerce should support peace, prosperity and good-paying jobs, not national security risks,” US Secretary of Commerce Gina Raimondo said in a statement.
  • Responding to the latest move on Thursday, Chinese commerce ministry spokeswoman Shu Jueteng said the new blacklist was not in line with a consensus reached at last week’s summit between the US and Chinese leaders.
  • Foreign ministry spokesman Zhao Lijian said China would take countermeasures to protect the legitimate interests of its companies.
  • It follows last Tuesday’s virtual summit between Chinese President Xi Jinping and his US counterpart Joe Biden aimed at managing tensions, during which Xi said the US should “stop abusing and generalising the concept of national security to suppress Chinese companies”.

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