US slaps export controls on dozens of Chinese firms
August 7, 2018 Category China News Round-up, Weekly
Washington has slapped restrictions on dozens of key Chinese companies for reasons of national security. The U.S. Department of Commerce added 44 Chinese entities onto its export control list for posing a “significant risk” to U.S. national security or foreign policy interests. In a direct challenge to China’s ambitions to become a technological superpower, driven by the Made in China 2025 policy, the new restrictions target some of the key elements of the policy including air defense systems, satellite communications systems, semiconductors and aerospace products.
Among the eight companies and dozens of their subsidiaries to be affected were the China Aerospace Science and Industry Corp’s Second Academy – a research unit of the largest missile systems developer in China – and communications system manufacturer Hebei Far East Communication System Engineering. Other research institutes under state-owned China Electronics Technology Group Corp (CETC) developing semiconductors, radar technology and micro-electronic devices were also affected. Others on the list included China Volant Industry, which exports and imports aerospace technologies, and China Hi-Tech Industry Import and Export Corp.
The U.S. controls will limit those companies’ access to products that the U.S. Commerce Department deems could have dual military or civilian use and may deny them key components such as nuclear materials, telecoms equipment, lasers and sensors.
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