The U.S. has added four additional Chinese companies to its list of companies that are accused of working with the Chinese military. Among those 4 are China National Offshore Oil Corp (CNOOC) and Semiconductor Manufacturing International Corp (SMIC). https://www.defense.gov/...
Four new additions, which will be affected by the EO prohibiting US investment in Chinese military companies: - China Nat'l Offshore Oil Corp - Semiconductor Manufacturing Int'l Corp - China Construction Tech Co - China Int'l Engineering Consulting Corp https://www.defense.gov/..…
The expanded blacklist is seen as part of a bid to cement Trump's tough-on-China legacy and to box Biden, the Democratic president-elect who takes office on Jan. 20, into hardline positions on Beijing amid bipartisan anti-China sentiment in Congress https://www.reuters.com/...