July 09, 2021
On Friday the Biden administration rolled out a new human rights-related blacklist of companies from China, Russia and Iran – including over twenty Chinese entities, targeted for abuses and high-tech surveillance in Xinjiang province, added to the prior June list. Over 30 international companies in total are said to be newly blacklisted in the move.
Chinese Foreign Ministry spokesman Wang Wenbin vowed “all necessary steps” in retaliation to “protect the rights and interests of its companies” against US interference.
Generally, entity-listed companies are met with huge obstacles if they apply for licenses from the Commerce Department, facing extra scrutiny when seeking US suppliers, thereby making doing business with American companies extremely difficult or even impossible.
Edited by：【Himalaya London Club UK】