US to Add 8 Companies to Chinese Military Company List, Report Says
The Biden administration plans to place eight additional Chinese companies on its investment blacklist on Dec. 16, including DJI, the world’s largest drone maker, the Financial Times reported this week. The Treasury Department will add the companies to its Chinese military-industrial complex companies list for their alleged ties to surveillance efforts and human rights abuses of Muslim minorities in China’s Xinjiang region, the report said.
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Other companies expected to be added to the list include Megvii, Dawning Information Industry, CloudWalk Technology, Xiamen Meiya Pico, Yitu Technology, Leon Technology and NetPosa Technologies, the report said. The list identifies companies that have ties to China’s military and bans U.S. people or companies from investing in them. All eight companies are already on the Commerce Department's Entity list, which imposes strict licensing requirements for U.S. exports.
Earlier this month, Treasury added Chinese technology company SenseTime to the list for similar reasons (see 2112100034). The White House, Treasury, Megvii, CloudWalk Technology, Xiamen Meiya Pico, Yitu Technology, and NetPosa Technologies didn’t respond to requests for comment. A DJI spokesperson declined to comment. Dawning Information Industry and Leon Technology couldn’t be reached.