US to blacklist eight more Chinese companies including dronemaker DJI
Inclusion on the ‘Chinese military-industrial complex companies’ blacklist prohibits US investors from taking a financial stake in the companies.
Stay updated with breaking news from Cloudwalk Technology. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Inclusion on the ‘Chinese military-industrial complex companies’ blacklist prohibits US investors from taking a financial stake in the companies.
Shares in Chinese health care and technology firms tumbled on Wednesday after a report that the United States will add more Chinese firms, including the largest commercial drone maker and biotech firms, to investment and export blacklists this week. The Financial Times reported, citing two sources briefed on the plans, that the United States will add eight Chinese companies,
Shares in Chinese health care and technology firms tumbled on Wednesday after a report that the United States will add more Chinese firms, including the largest commercial drone maker and biotech... | December 15, 2021
Drone maker DJI is to be added alongside seven other Chinese companies to an investment blacklist by the U.S. Treasury, due to allegedly being involved in surveillance of Uyghur Muslims in China.
The U.S. Treasury Department will ban American investors from buying shares in eight Chinese companies linked to alleged surveillance of Uyghur Muslims.