• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Monday, March 27, 2023
Bell County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News

U.S. To Add More Chinese Firms To Investment, Export Blacklists – FT – Reuters

by NewsReporter
December 15, 2021
in News
us.-to-add-more-chinese-firms-to-investment,-export-blacklists-–-ft-–-reuters
Share on FacebookShare on Twitter

People wearing face masks following the coronavirus disease (COVID-19) outbreak walk past DJI’s flagship store in Shenzhen, Guangdong province, China August 8, 2020. Picture taken August 8, 2020. REUTERS/David Kirton

Register now for FREE unlimited access to reuters.com

Dec 15 (Reuters) – 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, including leading global commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist on Thursday.

The U.S. commerce department is also set to on Thursday place more than two dozen Chinese companies, including some involved in biotechnology, on an “entity list” restricting exports to them by U.S. firms, the paper cited the sources as saying.

Register now for FREE unlimited access to reuters.com

The report accelerated a sell-off in Chinese health-care shares in afternoon trade, knocking 3.2% off a mainland index tracking the sector (.CSI300HC) against a 0.87% drop in the broader index.

The impact was sharper still in Hong Kong, where the Hang Seng Healthcare Index (.HSHCI) was down 7.6% in late afternoon trade

Health care firms had already been under pressure on Wednesday after Chinese biotech company BeiGene Ltd plunged on its Shanghai debut on Wednesday, amid worries some Chinese companies could be ordered to delist from the U.S. stock market. read more

The Financial Times reported that the U.S. Treasury Department will put eight companies including DJI on its “Chinese military-industrial complex companies” blacklist on Thursday because of their alleged involvement in surveillance of the Uyghur Muslim minority.

U.S. investors are barred from taking stakes in companies on the list, which currently cites around 60 firms.

A DJI spokesperson declined to comment on the FT report, but directed Reuters to the company’s statement when it was added to the U.S. Commerce Department’s “Entity List” a year ago for the same reasons. That listing prohibited the company from buying or using U.S. technology or components.

At the time, DJI said it had done nothing to justify the move and it would continue to sell its products in the United States, where it has built up a large market.

The U.S. Treasury did not immediately respond to a Reuters request for comment.

The new additions would come just days after artificial intelligence start-up SenseTime Group was placed on the same Treasury list, leading the company to postpone its $767 million Hong Kong initial public offering (IPO). SenseTime said the accusations against it were unfounded.

U.N. experts and rights groups estimate more than a million people, mainly Uyghurs and members of other Muslim minorities, have been detained in recent years in a vast system of camps in China’s far-west region of Xinjiang.

Some foreign lawmakers and parliaments have labelled the treatment of Uyghurs as genocide, citing evidence of forced sterilisations and deaths inside the camps. China denies these claims and says Uyghur population growth rates are above the national average.

The FT named the other companies being added to the list as image-recognition software firm Megvii, supercomputer manufacturer Dawning Information Industry, facial recognition specialist CloudWalk Technology, cyber security group Xiamen Meiya Pico, artificial intelligence company Yitu Technology and cloud computing firms Leon Technology and NetPosa Technologies.

Register now for FREE unlimited access to reuters.com

Reporting by Shivam Patel in Bengaluru, additional reporting by David Kirton in Shenzhen and Andrew Galbraith in Shanghai; Editing by Tom Hogue, Jane Wardell and Michael Perry

Our Standards: The Thomson Reuters Trust Principles.

Related Posts

temple-city-hall-evacuated-due-to-reported-bomb-threat-–-25-news-kxxv-and-krhd

Temple City Hall Evacuated Due To Reported Bomb Threat – 25 News KXXV And KRHD

by NewsReporter
April 15, 2022
0

Police evacuated the Temple City Hall Municipal Building due to a reported bomb threat on Wednesday. Temple police said around 1:50 p.m. officers responded to the city hall, located at 2 N Main Street, to safely evacuate all city employees and guests. Temple police said a perimeter was set up...

us,-uk.-investigating-unusual-cases-of-hepatitis-in-young-children-–-stat

U.S., U.K. Investigating Unusual Cases Of Hepatitis In Young Children – STAT

by NewsReporter
April 15, 2022
0

Public health officials in the United States and the United Kingdom are investigating a number of unusual cases of serious hepatitis in young children, the cause or causes of which are currently unknown. Evidence from the U.K. and from Alabama — where nine cases have been recorded since last fall...

Severe Storms Sweep The South, Killing At Least 1 – The New York Times

by NewsReporter
April 14, 2022
0

Please enable JS and disable any ad blocker

perspective-|-here’s-how-the-us.-should-respond-to-any-russian-cyberattacks-–-the-washington-post

Perspective | Here’s How The U.S. Should Respond To Any Russian Cyberattacks – The Washington Post

by NewsReporter
April 14, 2022
0

Placeholder while article actions loadRussian cyberattacks may be coming. Last month, the White House issued its starkest warning yet that “evolving” intelligence indicates Moscow is planning major cyber operations against the United States in retaliation for the economic penalties that the country has imposed on Russia for its invasion of...

Bell County News Online

© 2021 Bell County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Bell County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT