US to Blacklist Chinese Firms (REPORT)

US to Blacklist Chinese Firms (REPORT)

(TargetLiberty.org) – Last month, President Trump issued an executive order to cut off US investment cash that would benefit the Chinese military. Now investors in the Communist dictatorship are worried the administration could be preparing to blacklist more Chinese firms.

On November 13, the president banned US investors from financing any Chinese business owned by, or linked to, the People’s Liberation Army. The PLA’s tentacles extend deep into China’s economy, both to boost its funding and get access to dual-use technology that can be used in new weapons. The president, who opposes China’s expansionist policies, wants to restrict the flow of cash and technology to the Communist regime.

The administration is also close to finalizing a list of 89 Chinese firms classed as military end-users. This would ban them from buying controlled technology from the US without an end-user license. If Joe Biden ends up in the White House in January, his instincts might tell him to be soft on China, but the law is going to make that much harder for him.

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