US added on Friday China’s top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, as well as, companies owned or controlled by the Chinese military, including China Construction Technology Co. and China International Engineering Consulting Corp.
Meanwhile, the foreign ministry spokesperson explained that China opposed US efforts to suppress its companies, adding that Washington's moves run counter to principles of market competition. In addition the US should stop abusing national power and national security concepts to suppress foreign companies.
Moreover, the Chinese embassy in Washington, Semiconductor Manufacturing International Corp (SMIC) and China National Offshore Oil Corp (CNOOC) did not immediately respond to requests for comment.
On other hand, ''SMIC'' which relies heavily on equipment from United States suppliers, was already in Washington’s crosshairs. In September, the United States Commerce Department informed some firms they needed to obtain a licence before supplying goods and services to SMIC after concluding there was an “unacceptable risk” that equipment supplied to it could be used for military purposes.
Earlier, Congress and the Trump administration have sought increasingly to curb the United States market access of Chinese companies that do not comply with rules faced by American rivals.
In November, the United States House of Representatives passed a law to kick Chinese companies off US stock exchanges if they do not fully comply with the country's auditing rules, giving Mr Trump one more tool to threaten Beijing with before leaving office, according to REUTERS.
The United States president Donald Trump, believed that these companies exploitations of American funds by the Chinese regime to develop its military system and threaten United States security and forces across the world, and forcing Chinese civilian companies to support Beijing’s military and intelligence activities.
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