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Pentagon Releases List of 20 Military-Controlled Chinese Firms

Infra News - Published on Sat, 27 Jun 2020

Image Source: Pentagon List
Bloomberg reported that US Pentagon has unveiled a list of companies it says are owned or controlled by China’s military, opening them to increased scrutiny in the latest spat between the world’s biggest economies. This list includes entities owned by, controlled by, or affiliated with China’s government, military or defense industry The US list of companies said to be affiliated with the Peoples Liberation Army was mandated under the Defense Authorization Act of 1999, but no administration ever put out the required report. Trump has the authority under the International Emergency Economics Powers Act of 1977 to level financial sanctions against those companies.

The list includes
Aero Engine Corporation of China
Aviation Industry Corporation of China
China Aerospace Science and Technology Corporation
China Aerospace Science and Industry Corporation
China Electronics Technology Group Corporation
China South Industries Group Corporation
China Shipbuilding Industry Corporation
China State Shipbuilding Corporation
China North Industries Group Corporation
China Railway Construction Corporation
China Mobile Communications Group
China General Nuclear Power Corp
China National Nuclear Power Corp
China Telecommunications Corp.
Dawning Information Industry Co
Huawei Technologies Co
Hangzhou Hikvision Digital Technology Co
Inspur Group
Panda Electronics Group

While the move may be largely symbolic since it doesn’t confer new authorities on the president, it comes as relations between the two superpowers continue to deteriorate, and as China has emerged as a key foreign policy issue in the US election campaign. The US has threatened sanctions against China for its treatment of Muslim minorities and increased grip over Hong Kong, while Beijing has for the past year threated to produce its own blacklist of US companies.

Source :

Posted By : Yogender Pancholi on Sat, 27 Jun 2020
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