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Xiaomi s Shares Drop Rapidly After US Adds Nine Chinese Companies to Investment Blacklist

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U S Government Sanctions Chinese and Russian Entities and Creates New Military End User List | Dorsey & Whitney LLP

To embed, copy and paste the code into your website or blog: Rounding out an already-intense 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued three notices in December that expanded export sanctions and restrictions against Chinese, Russian, and other enterprises and institutions accused of engaging in activities contrary to U.S. interests.  On December 18, BIS announced export sanctions against Semiconductor Manufacturing International Corporation (“SMIC”), the largest semiconductor producer in the People’s Republic of China (“PRC”), along with 76 other entities, the vast majority of which are PRC enterprises and research institutes.  On December 23, BIS created a new Military End User (“MEU”) List that designates specific PRC and Russian entities for more stringent export licensing requirements under the MEU rule expanded by BIS earlier in the year.  Finally, also on December 23, BIS officially terminated Hong Kong’s s

China brings in new law to fight Trump s sanctions

China brings in new law to fight Trump s sanctions © Getty Images China is pushing back against a flurry of US sanctions with new rules that protect its firms from unjustified foreign laws . Changes announced over the weekend allow Chinese courts to punish companies that comply with such restrictions. US President Donald Trump has continued to target Chinese companies he believes are a threat to US national security. Measures include punishing companies that supply parts to blacklisted firms. On Monday, three large Chinese telecoms firms listed on the New York Stock Exchange (NYSE) are expected to see their shares delisted based on alleged ties with its military.

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