Trump to add China’s SMIC and CNOOC to defense blacklist – sources

WASHINGTON (Reuters) – The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.

Leave a Reply

Your email address will not be published. Required fields are marked *