DOD Adds to List of Companies With Ties to Chinese Military
The Defense Department on Jan. 14 released another list of Chinese companies with ties to the country’s military. The latest tranche includes nine companies, including businesses operating in the semiconductor, technology and aviation sectors. The companies will be subject to certain investment bans under an executive order President Donald Trump issued in November (see 2011130026). The latest list follows the release of several similar lists last year (see 2008300001, 2006250024 and 2012040008).
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
China's Foreign Ministry criticized the move, saying Jan. 15 the investment ban “violates the principles of market competition and international economic and trade rules.” China's Commerce Ministry urged the U.S. to “withdraw the above decision and create a good environment for the normal economic and trade cooperation between the enterprises of the two countries,” it said Jan. 15 statement, according to an unofficial translation.
The companies are:
- Advanced Mico-Fabrication Equipment Inc. (AMEC)
- Luokong Technology Corp. (LKCO)
- Xiaomi Corp.
- Beijing Zhongguancun Development Investment Center
- GOWIN Semiconductor Corp.
- Grand China Air Co. Ltd. (GCAC)
- Global Tone Communication Technology Co. Ltd. (GTCOM)
- China National Aviation Holding Co. Ltd. (CNAH)
- Commercial Aircraft Corporation of China, Ltd. (COMAC).