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The US Administration imposes new sanctions on a list of 59 Chinese companies, Huawei included

The White House has issued a new round of sanctions. (Source: Wikipedia)
The White House has issued a new round of sanctions. (Source: Wikipedia)
The current US Government has announced a fresh panel of restrictions on a total of 59 companies that, as the administration believes, has links to China's ruling political party. These sanctions prevent the corporations on the list from securing investment from US entities. The measures come into effect from August 2, 2021.

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Joe Biden has issued a new executive order intended to address what the US President has described as "threats" emanating from "Communist Chinese Military Companies". In other words, it is a new variation on similar orders issued by the previous administration, one of which resulted in the placement of the OEM Huawei on its Entities List.

However, this new measure does not bar the corporations on its list from buying supplies or services from key US-based firms. Rather, it prevents them from securing investment from individuals or groups from the same country, which, as the Biden Administration seems to believe, is an effective way to curb the "use of Chinese surveillance technology outside the PRC and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse".

Accordingly, the companies affected by the executive order include what could be considered usual suspects such as China Satellite Communications, China Telecom and Unicom, as well as potentially key industrial and scientific concerns such as China Aerospace Science and Technology Corporation and Shaanxi Zhongtian Rocket Technology.

The list also extends to firms such as SMIC, Nanjing Panda Electronics and, of course, Huawei. However, others along their general lines are notable by their absence. They include TCL/CSOT and Xiaomi, which has already defeated an attempt by the US Government to have it characterized as just such an entity linked to the Chinese govermment.

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Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 4217 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 06 > The US Administration imposes new sanctions on a list of 59 Chinese companies, Huawei included
Deirdre O'Donnell, 2021-06- 4 (Update: 2021-06- 6)