Beijing opposes US blacklisting Chinese firms: Ministry
In a new move to impede China's development of cutting-edge semiconductors and technologies for military applications, the US has added thirty Chinese companies to a trade blacklist.
The Chinese Ministry of Commerce said, on Friday, that China strongly opposes putting its companies on the Entity List of the US Department of Commerce and intends to take measures to protect the rights of its enterprises and institutions.
"[There is a report of] adding 36 Chinese companies to the US export blacklist, China decisively opposes [this decision]... The constant adding of Chinese companies to the blacklist of the US trade department hinders the normal trade and economic cooperation between Chinese and US companies… At the same time, in response to US actions, China will take necessary measures for decisive protection of legitimate rights and interests of Chinese enterprises and institutions," the ministry said.
The Commerce Ministry said that the United States increased pressure on Chinese businesses and organizations by using its government's power, which was a typical instance of market segregation and economic coercion.
This comes after the US has added thirty Chinese companies to a trade blacklist; a decision that means American businesses will go through incredibly difficult procedures to secure licenses in order to export crucial technologies to those Chinese customers.
Beijing, however, applauded the US decision to remove 25 Chinese enterprises from its unverified List of companies that may have connections to the military, the ministry continued, as it demonstrates that both sides are capable of resolving their issues via collaboration and respect.
The extraordinary measure comes after Washington introduced strict export curbs in October as part of a widening attempt to impede China's military modernization. The controls were aimed to stop China from manufacturing high-end processors or producing the tools required to produce the chips locally.