U.S. Cracks Down on Chinese Tech Firms

The Biden administration has slapped an financial commitment ban on 8 Chinese tech corporations, citing their support for Beijing’s repression of the Uyghur minority.

The latest additions to a listing of companies selected as owned or controlled by the Chinese armed service incorporates DJI, which is the major maker of drones. Less than a Trump-era govt buy, People cannot trade in the securities of corporations on the listing.

The 8 corporations actively support the biometric surveillance and monitoring of ethnic and religious minorities in China, especially the predominantly Muslim Uyghur minority in Xinjiang, in accordance to the Treasury Section.

“Today’s motion highlights how private companies in China’s defense and surveillance technologies sectors are actively cooperating with the government’s endeavours to repress users of ethnic and religious minority teams,” Brian Nelson, Less than Secretary of the Treasury for Terrorism and Economic Intelligence, stated in a information release.

“Treasury stays fully commited to guaranteeing that the U.S. economic procedure and American traders are not supporting these functions,” he extra.

In a related go, the Commerce Section extra China’s Academy of Armed forces Clinical Sciences and its 11 investigation institutes to a trade blacklist, restricting accessibility to U.S. exports.

Commerce Secretary Gina Raimondi stated China was making use of biotechnology and medical innovation “to go after handle over its folks and its repression of users of ethnic and religious minority teams.”

In accordance to Axios, “The U.S. is cracking down aggressively on almost any firm — American or Chinese — considered to be complicit in the Chinese government’s genocide of Uyghur Muslims in the northwest area of Xinjiang.”

The U.S. experienced extra DJI to the trade blacklist final yr. The firm “has offered drones to the Xinjiang Community Protection Bureau, which are utilised to surveil Uyghurs in Xinjiang,” the Treasury Section stated.

The seven other entities on Treasury’s listing involve Cloudwalk Technologies, Dawning Info, Leon Technologies, Megvii Technologies, Netposa Technologies, Xiamen Meiya Info, and Yitu.

The Chinese embassy in Washington termed the steps “unwarranted suppression” that violated no cost trade regulations, adding that Beijing would acquire “all important measures” to uphold the passions of Chinese corporations and investigation establishments.

Picture by Joe Raedle/Getty Photographs

blacklist, China, Commerce Section, Treasury Section, Uyghur