NEW: U.S. blacklists 24 Chinese firms, escalating military and trade tensions

[rent4country]

U.S. blacklists 24 Chinese firms, escalating military and trade tensions

The move is the latest push by the Trump administration to combat China.

www.politico.com

The Commerce Department on Wednesday blacklisted 24 Chinese companies, saying that they are helping the ruling Chinese Communist Party construct artificial islands in the South China Sea, which the U.S. sees as a military provocation.
Issue at stake: Commerce said that since 2013, the Chinese government has built more than 3,000 acres of islands in the international waters off its southeastern coast, including “air defense and anti-ship missile features.”
This appears to be the first time the administration is targeting China's actions in the South China Sea, which has provoked U.S. partners in Southeast Asia like Taiwan and the Philippines. Secretary of State Mike Pompeo has recently stepped up criticism of China's claims of outposts in the area. In 2016, the tribunal at The Hague said China's claims violated international law.


Who’s targeted: The 24 companies will be placed on the agency’s “entity list,” preventing the export of U.S. goods to Chinese companies. The firms are largely dredging, shipbuilding, infrastructure and technology companies.
The blacklisted firms include the state-owned China Communications Construction Company, one of the leading contractors in China’s Belt and Road Initiative, the Communist Party’s global infrastructure investment program.
“The PRC must not be allowed to use [China Communications Construction Company] and other state-owned enterprises as weapons to impose an expansionist agenda,” Pompeo said in a statement on Wednesday.



Context: Commerce last week put 38 affiliates of Chinese telecom giant Huawei, which the U.S. says enables Communist Party espionage, on the entity list.
The department previously put 37 Chinese enterprises on the entity list for engaging in or enabling human rights abuses in the northwestern province of Xinjiang, home to an ethnic minority of Muslims.
What’s next: The move comes amid deteriorating relations with Beijing, which the president has blamed for the coronavirus pandemic to deflect from his unpopular handling of the virus at home.
Republicans are ramping up rhetoric against China at their convention this week, and Pompeo said the U.S. “will act until we see Beijing discontinue its coercive behavior in the South China Sea.”

 

[rent4country]

Tick Tock Tick Tock! NEW and ever-expanding US retaliation to purposefully pushing the virus on the world and illegal expansionism. This is just the tip of the iceberg. A US blacklisting happens not in some silo: This means other countries also follow if they intend to comply with the US/US market access. That's the devastating outcome of US sanctions.

@Feng Leng

 

[kankan326]

Tick Tock Tick Tock...US retaliation to purposefully pushing the virus on the world and illegal expansionism. This is just the tip of the iceberg. A US blacklisting happens not in some silo: This means other countries also follow if they intend to comply with the US/US market access. That's the devastating outcome of US sanctions.

But China's market is bigger than US market now. So other countries have to choose between biggest market(China) and second market(US)?

 

[rent4country]

But China's market is bigger than US market now. So other countries have to choose between biggest market(China) and second market(US)?

China is highly regulated and still a primarily restricted market for others to sell into its markets. China protects its business and prohibits foreign vendors compared to the free access to the US markets. China also has significant issues with guaranteeing your IP from being stolen/copied.

The US market is more profitable because our consumers have a higher purchasing power, pay more.

Lastly, the ban affects the Chinese having access to the US, and it's partner's technology within the finished product they sell. Similar to what we did to Huawei. The US is still the largest market and most profitable for companies. Look no further and see how much China earned from the US market versus the US gained from it.

 

[kankan326]

China is highly regulated and still a primarily restricted market for others to sell into its markets. China protects its business and prohibits foreign vendors compared to the free access to the US markets. China also has significant issues with guaranteeing your IP from being stolen/copied.

The US market is more profitable because our consumers have a higher purchasing power, pay more. All of this is not mere words from me; these are facts known to all.

Lastly, the ban affects the Chinese having access to the US, and it's partner's technology within the finished product they sell. similar to what we did to Huawei

Kinda weird you mentioned US market is free in a companies banning thread. Amercians do have high purchasing power. Only because US dollar is overrated. The situation is, dollar is losing dominance. All world realizes that. Currently gold price rise is a sign. Americans purchasing power will remarkably shrink when de-dollarization is finished.

Even with overrated dollar, China's market is still bigger than US market. Don't lie about IP steals, you can just sue if there is any IP steal.

 

[rent4country]

Kinda weird you mentioned US market is free in a companies banning thread. Amercians do have high purchasing power. Only because US dollar is overrated. The situation is, dollar is losing dominance. All world realizes that. Currently gold price rise is a sign. Americans purchasing power will remarkably shrink when de-dollarization is finished.

Even with overrated dollar, China's market is still bigger than US market. Don't lie about IP steals, you can just sue if there is any IP steal.

It's not weird if you understand the meaning of free markets versus targeted sanctions for specific actions towards certain countries or companies. You are not the largest market in terms of purchasing power. Most Chinese don't make enough to purchase in numbers as US consumers do.

The rest of your commentary is platitudes and emotional responses that have nothing to do with the topic on hand. Have at it. Thanks.

 

[Viet]

U.S. blacklists 24 Chinese firms, escalating military and trade tensions

The move is the latest push by the Trump administration to combat China.

www.politico.com

The Commerce Department on Wednesday blacklisted 24 Chinese companies, saying that they are helping the ruling Chinese Communist Party construct artificial islands in the South China Sea, which the U.S. sees as a military provocation.
Issue at stake: Commerce said that since 2013, the Chinese government has built more than 3,000 acres of islands in the international waters off its southeastern coast, including “air defense and anti-ship missile features.”
This appears to be the first time the administration is targeting China's actions in the South China Sea, which has provoked U.S. partners in Southeast Asia like Taiwan and the Philippines. Secretary of State Mike Pompeo has recently stepped up criticism of China's claims of outposts in the area. In 2016, the tribunal at The Hague said China's claims violated international law.


Who’s targeted: The 24 companies will be placed on the agency’s “entity list,” preventing the export of U.S. goods to Chinese companies. The firms are largely dredging, shipbuilding, infrastructure and technology companies.
The blacklisted firms include the state-owned China Communications Construction Company, one of the leading contractors in China’s Belt and Road Initiative, the Communist Party’s global infrastructure investment program.
“The PRC must not be allowed to use [China Communications Construction Company] and other state-owned enterprises as weapons to impose an expansionist agenda,” Pompeo said in a statement on Wednesday.



Context: Commerce last week put 38 affiliates of Chinese telecom giant Huawei, which the U.S. says enables Communist Party espionage, on the entity list.
The department previously put 37 Chinese enterprises on the entity list for engaging in or enabling human rights abuses in the northwestern province of Xinjiang, home to an ethnic minority of Muslims.
What’s next: The move comes amid deteriorating relations with Beijing, which the president has blamed for the coronavirus pandemic to deflect from his unpopular handling of the virus at home.
Republicans are ramping up rhetoric against China at their convention this week, and Pompeo said the U.S. “will act until we see Beijing discontinue its coercive behavior in the South China Sea.”

Best news of the day
until they give up the rediculous claims.

But China's market is bigger than US market now. So other countries have to choose between biggest market(China) and second market(US)?

I know you are rich however unlikely we give up our territory in exchange to more shoes export to China.

 

[proudindian20]

Very good step finally by the US.

 

[kankan326]

It's not weird if you understand the meaning of free markets versus targeted sanctions for specific actions towards certain countries or companies. You are not the largest market in terms of purchasing power. Most Chinese don't make enough to purchase in numbers as US consumers do.

The rest of your commentary is platitudes and emotional responses that have nothing to do with the topic on hand. Have at it. Thanks.

Data do not lie. China is bigger market than US. There is an illusion that US is biggest market because US imports more finished products. Yes. US comsumes more than it produces. All because of the overrated dollar.

In another word, US is not really that rich. Other countries will follow US? EXcept some China's enemies and other four eyes, no way.

 

[kankan326]

Very good step finally by the US.

Believe me. The 24 Chinese firms don't have much (or zero) business in US. Just like how US punished some Chinese officials. It have zero effect on them because they don't have any investment in US.

 

[rent4country]

Believe me. The 24 Chinese firms don't have much (or zero) business in US. Just like how US punished some Chinese officials. It have zero effect on them because they don't have any investment in US.

So far you have not spoken in ways that would give anyone confidence in " believing you" on the subject being discussed. Furthermore, you don't have to do much 'direct' business with the US to be affected, the effect of these sanctions is ubiquitous on other countries that do business with those 24 companies too.

 

[kankan326]

So far you have not spoken in ways that would give anyone confidence in " believing you" on the subject being discussed. Furthermore, you don't have to do much 'direct' business with the US to be affected, the effect of these sanctions is ubiquitous on other countries that do business with those 24 companies too.

The 24 companies must be construction companies. Right? Have you heard any Chinese company was in any US construction project? The oversea projects of Chinese construction companies are mostly in developing countries. The payments of these projects could be paid by loans offered by China. Do you think dollar is needed at all?

 

[PakFactor]

The 24 companies must be construction companies. Right? Have you heard any Chinese company was in any US construction project? The oversea projects of Chinese construction companies mostly in developing countries. The payment could be paid by loans offered by China. Do you think dollar is needed at all?

You know these US fan gay boys are living in a different world. These sanctions and what not hasn’t done as much damage to Chinese economy, as reported by the emotional western media.