US Blacklists Dozens of Chinese Firms Including Chip, Drone Makers asiabulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiabulletin.com Daily Mail and Mail on Sunday newspapers.
China s leaders say tech growth top priority amid US tension JOE McDONALD ,
BEIJING (AP) China s ruling Communist Party called Friday for faster technology development to increase the country s economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components.
China also needs to improve control over its industrial supply chains and increase consumer demand to support self-sustaining economic growth, party leaders said in a statement following a meeting to set economic priorities for the coming year.
President Xi Jinping’s government is showing increasing urgency about developing Chinese competitors in electric cars, telecoms, biotech and other fields as a path to prosperity and global influence. The ruling party wants to reduce reliance on foreign suppliers, which it sees as a strategic weakness.
U.S. Blacklists SMIC, China’s Top Chip Maker, Plus over 60 Other Entities
18 Dec 2020
The U.S. Commerce Department announced the addition of over 60 more Chinese entities to the export blacklist Friday, including Semiconductor Manufacturing International Corp. (SMIC), China’s largest producer of computer chips.
“This action stems from China’s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department explained.
“We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary. Between SMIC’s relationships of concern with the military industrial complex, China’s aggressive application of military civil fusion mandates and state-directed subsidies, SMIC perfectly illustrates the risks of China’s leverage of U.S. technology to support its military modernization,” Commerce Secretary Wilbur Ross elaborated.
Eric Nuttall s Top Picks: March 26, 2021
BOE threatens banker bonuses over pace of Libor transition
Bruce Campbell s Top Picks: March 25, 2021
How two friends made art history buying a $70M digital work
U.S. SEC opens inquiry into SPAC IPO frenzy, Reuters reports
Michael Hakes Top Picks: March 24, 2021
Canadian venture capital investments totalled $4.4 billion in 2020
Volkswagen as the next Tesla is firing up stock investors
Mogo strikes $64M deal for Moka Financial, plans no-fee trading platform
Ryan Bushell s Top Picks: March 23, 2021
Trading app Robinhood says it filed confidentially for IPO
Stock market s fiercest bulls go missing despite stimulus checks
Fed s Kaplan estimates first U.S. rate increase will be in 2022
China vows countermeasures on US sanctions against its firms bozemandailychronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bozemandailychronicle.com Daily Mail and Mail on Sunday newspapers.