The United States government has released a list of 59 Chinese defense and technology companies

The list, released by the Department of Defense, includes well-known Chinese tech companies such as Huawei, China Mobile, and Hikvision, as well as state-owned defense contractors such as Aviation Industry Corporation of China (AVIC) and China North Industries Group Corporation (Norinco).

According to the Department of Defense, these companies “pose an unacceptable risk to the national security, foreign policy, and economy of the United States.” The ban prevents American companies from exporting sensitive technology to these firms without a special license.

The ban has been in place since 2020, but the updated list includes additional companies that have been added over time. The move is part of a broader push by the United States to limit Chinese access to American technology, which the US government sees as a threat to national security.

China has condemned the ban, calling it an attempt to “suppress China’s development.” The Chinese government has also accused the US of using national security concerns as an excuse to protect its own industries and unfairly target Chinese firms.

In response to the ban, Chinese companies have looked for ways to become more self-reliant and develop their own technologies. This has led to a surge in investment in China’s tech sector, with the government offering subsidies and support to local firms.

The ban has also had implications for American companies, with some losing access to important markets in China. For example, Qualcomm has reported a decline in sales due to the ban, and some US-based chipmakers have had to find new buyers outside of China.

Overall, the ban on these Chinese defense and technology companies has had far-reaching implications for both countries and has contributed to the ongoing tensions between the US and China.