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China Sanctions 10 U.S. Defense Firms, Bans 46 Others from Government Contracts in Escalating Trade Clash

4h ago· 1 min readenNews

Summary

China announced sanctions against 10 U.S. defense firms by adding them to an export control list, barring Chinese exporters from supplying dual-use items to those entities. The Ministry of Finance also banned 46 American companies from government procurement contracts. Beijing stated these actions are in response to the Pentagon's expansion of its 'List of Chinese Military Companies,' which recently added major tech firms including Alibaba Group, Baidu, and BYD. The export controls take effect immediately.

Source

bskyChina Sanctions 10 U.S. Defense Firms, Bans 46 Others from Government Contracts in Escalating Trade Clashground.news

Key quotes

· 3 pulled
Beijing stated these actions respond to the Pentagon's expansion of its 'so-called List of Chinese Military Companies'
China's Ministry of Commerce added 10 U.S. firms to its export control list
the Ministry of Finance simultaneously banned 46 American companies from government procurement contracts
Snippet from the RSS feed
China announced on Monday that it was placing 10 U.S. defense-related companies on its export control list, barring Chinese exporters from supplying dual-use items to those entities and requiring any ongoing related export activities to cease immediately.

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