Huawei on the list of 20 Chinese companies, the Pentagon says it is from People’s Liberation Army Controlled

The Pentagon has put Huawei Technologies and Hangzhou Hikvision Digital Technology says on a list of 20 companies, is China’s military owned or controlled to open them any further US sanctions. In letters to lawmakers on June 24, the Pentagon said it was a distribution list “in the military company of the US Communist to work.” The list for the first time in the fiscal year 1999 defense law. This list includes “entities owned, controlled or with the Chinese government, the military or defense-related industry” Pentagon spokesman Jonathan Hoffman said in a statement. “Given that China has tried the boundaries between civil and military sectors blur,” it is crucial to know your “said Hoffman suppliers.” We see this list is a useful tool for the US government, companies, investors, academic institutions to guide her, and like-minded partners due diligence in terms of partnerships with these companies, especially as the list grows. “The impact of the movement were not immediately clear. But it came as relations between the two superpowers continue to deteriorate, and as China has been an issue in the election campaign of the United States. China has for the past year, threatened to produce “unreliable entities’ own list, but so far not done so. the list of companies that has joined the company with the liberation army of the people under the Act Defense Authorization was commissioned in 1999, but no government ever erase the desired ratio. Trump has the authority under the International Emergency Economic Powers Act of 1977 to level fines against these companies. monitored Baseless’ foreign affairs and defense and regulatory capital of China’s State administration Commission, the businesses run by the government of China, did not immediately respond to a fax from a holiday in the countryside. Huawei also did not immediately respond to a request for comment. Hikvision called the US move “baseless” its properties are saying the details have always been open to the public as a listed company and “businesses operated independently.” He said he would continue to work with the US government “to answer questions and correct misconceptions about the” “company Hikvision strongly the decision of the US government is opposed to abuse of a provision of a law never used 21 years, “said a company spokesman. “Not only is Hikvision keine, military company chinesische, ‘Hikvision has never been in a research and D work involved for military applications.” In addition to Huawei and Hikvision provides the list China Railway Construction Corp., China Telecommunications Corp, China Aerospace Science and Industry Corp. and Panda Electronics Group. “The list put out by the Pentagon today is a start, but totally inadequate to warn the American people about the state companies and -directed that the Chinese government and the activities of the Communist Party of China threaten the US economy and security national support “Republican Senator Marco Rubio said in a statement. “The list only a fraction of the exploitation touched the Chinese government of the US capital markets at the expense of private investors and retirees is dispensed through the subsidiaries and associates networks.” China hawks in Congress have long push him to direct his Finance Minister Steven Mnuchin, provide such sanctions against Huawei. However, it is unclear whether the president would take such aggressive action against some of the most precious of China’s commercial samples in a prompt election year, as the Chinese government would likely retaliate against US companies as they and the wider economy of the Member United were shocked by the pandemic crown. Anticipation long ‘Derek Scissors, a China expert at the conservative American Enterprise Institute, said that “it would be long overdue for the government, Chinese companies must report on the narrow PLA ties. But it is not a reasonable measure for the next it would only be attitude, perhaps in response to the book by Bolton. “you win re-election in November in his treatise on sale Tuesday, claiming a former national security advisor, John Bolton that Trump Xi strengthen Jinping, China’s leaders have asked purchases of American agricultural products to help. Trump dismissed the application. The companies on the list are: 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, Huawei Technologies Co., group Hangzhou Hikvision Digital Technology Co. Inspur; Aero Engine Corporation of China, China Railway Construction Corporation CRRC Panda Electronics Group Corp. Dawning Information Industry Co., China Mobile Communications Group China General Nuclear Power Corp. China National Nuclear Power Corp. China Telecommunications Corp. -With assistance from Feifei Shen and Gao Yuan.
Picture copyright by price Photo / Barcroft Media / Getty Images