US red lists 14 Chinese companies

In the US, the Biden administration made a move yesterday, redlisting 14 Chinese companies it could not control, forcing US exporters to perform due diligence before selling products to these companies.

The US Department of Commerce, which is responsible for overseas export controls, also added companies from Turkey, the United Arab Emirates, Germany, Bulgaria, Canada, Indonesia, Israel, Malaysia, Saudi Arabia and Singapore.

Inclusion on such a list could start a 60-day process for companies to apply much stricter restrictions.

“The enforcement of export controls is vital to protecting American national security,” said Don Graves, Under Secretary of Commerce. “We will use all the means at our disposal to determine how America’s high-tech products will be used in the world,” he said.

CHINESE REACTION

A Chinese embassy spokesman in Washington said: “China strongly opposes any steps the United States takes to abuse export control measures and suppress and manage foreign companies.”

The spokesman said: “The United States should stop these improper practices immediately. “China will take necessary measures to resolutely protect the rights and interests of Chinese enterprises,” he said.

The United States has been escalating tensions between the two countries for some time, placing restrictions on exported American goods in response to Beijing’s technological advances. (Reuters)