Saturday, May 23, 2020

US Slaps Sanctions On 33 Chinese Companies And Institutions

The latest sanctions add to the litany of grievances between the two largest economies on earth. Photo: Reuters

SCMP: US slaps sanctions on 33 Chinese companies and institutions, dialling up the tension amid the lowest point in US-China relations

* Two dozen companies and institutions including the tech giant Qihoo 360 Technology were placed on the first so-called entity list for “supporting procurement of items for military end-use in China”
* Nine entities were put on a second list for their alleged roles in rights violations in the Xinjiang region

The United States government has slapped sanctions on 33 Chinese companies and institutions, putting them on two so-called entity lists as it dials up the hostility during the lowest point in US-China relations in decades.

Two dozen government institutions and Chinese companies, including the software giant Qihoo 360 Technology, were placed on the first list for “supporting procurement of items for military end-use in China,” according to a May 22 statement by the US Department of Commerce.

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WNU Editor: This is going to get Beijing's attention.