On November 16, 2021, the flags of China and the United States fly outside a company building in Shanghai, China.
Ali Song | Reuters
WASHINGTON – On Wednesday, the Biden administration put more than a dozen Chinese companies on the trade blacklist on the grounds of national security and foreign policy.
Eight technology entities located in China were included in the list for allegedly assisting the Chinese military’s quantum computing work and acquiring or attempting to “acquire U.S.-origin projects to support military applications”.
For a long time, US officials have complained that Chinese companies benefit from the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army. The Chinese Communist Party has previously stated that it does not engage in industrial espionage activities.
The Ministry of Commerce also listed 16 entities and individuals operating in China and Pakistan, and their work on Islamabad’s nuclear and ballistic missile programs. The Biden administration added 27 entities and individuals in total, located in the People’s Republic of China, Pakistan, Russia, Japan, and Singapore.
U.S. Secretary of Commerce Gina Raimundo wrote in a statement: “Global trade and commerce should support peace, prosperity, and high-paying jobs, not national security risks.” “The Department of Commerce is committed to effectively using export controls to protect us. National security.”
The Chinese Embassy in Washington did not immediately respond to CNBC’s request for comment.