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Brics News
Wednesday, September 18, 2024

China slams U.S. for placing some Chinese firms on export control list

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U.S. President Joe Biden and Chinese President Xi Jinping meet during the APEC Leaders Week in Woodside, California, on November 15, 2023.

Brendan Smirovsky | AFP | Getty Images

China said on Sunday it “firmly opposes” the United States' decision to add several Chinese entities to its export control list to further restrict Russia's access to advanced American technology needed for its weapons.

in a statement A spokesman for China's Ministry of Commerce called the move “a typical act of unilateral sanctions and long-arm jurisdiction” in an article published by the state-run Xinhua News Agency.

The spokesperson also said that this behavior “undermines international trade order and rules” and affects “the security and stability of global industrial and supply chains.” The spokesman said Beijing would take action to safeguard the rights and interests of Chinese companies.

The United States said on Friday Strengthen export controls “Further restrictions on the supply of U.S.-origin and 'American-branded' goods to Russia and Belarus in support of the Kremlin's illegal war on Ukraine.”

A total of 123 entities are included in the list, of which 42 are located in China, 63 are from Russia, and 14 are located in Turkey, Iran and Cyprus.

Companies on the Entity List are subject to export restrictions and authorization requirements for certain technologies and goods.

“We will continue to take a multilateral approach to address this issue from all fronts and use our arsenal of weapons,” Alan Estevez, the U.S. Department of Commerce's undersecretary for industry and security, said in a statement. All tools in the country to prevent Russia from acquiring the advanced U.S. technology it needs for its weapons.

Analyst: The Biden administration’s China policy is closer to Trump than Obama’s

The United States has also targeted transfers through shell companies by adding four “high transfer risk addresses” in Hong Kong and Turkey to the entity list. Parties conducting transactions using these addresses need to obtain a license to do so.

The Biden administration in February imposed trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for allegedly supporting Russia's war in Ukraine.

In April this year, the Office of the United States Trade Representative launched an investigation into China's maritime, logistics and shipbuilding industries, accusing Beijing of using “unfair and non-market policies and practices” to dominate these industries.

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