The U.S. Department of Defense (“DOD”) has named Chinese technology group Tencent Holdings, electric vehicle battery maker Contemporary Amperex Technology (“CATL”) and shipping giant COSCO Group as companies with ties to the Chinese military.
The Pentagon added 134 new companies to the Section 1260H list of “Chinese military companies operating in the United States” under the 2021 National Defense Authorization Act, according to a Jan. 7 Federal Register notice, including 134 new companies included in the list each year. Update once.
COSCO Shipping Co., Ltd. is a global company whose U.S. operations include COSCO Shipping (North America) Co., Ltd. and COSCO Shipping Finance Co., Ltd.
The designation expands a growing list of major Chinese companies that the Defense Department has identified as having military ties. Companies on the list may face restrictions on their operations and commercial transactions in the United States, but there will be no immediate bans or action.
The notice also removes six previously listed entities, including China Railway Construction Corporation and China State Construction Engineering Corporation, and outlines a process for companies to request reconsideration of their designations.
In Beijing, Foreign Ministry spokesman Guo Jiakun slammed the latest U.S. designation. We urge the US to immediately correct its wrong practices and stop illegal unilateral sanctions and long-arm jurisdiction over Chinese companies. China will take all necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises and safeguard its legitimate right to development. ”
Meanwhile, according to a January 6 Federal Register notice, the U.S. Commerce Department added 13 entities to its export control list, including 11 Chinese companies supporting military modernization and a Pakistani company related to ballistic missile development. company. The U.S. Bureau of Industry and Security (BIS) said Chengdu RML Technology Co., Ltd. “has provided precision-guided missiles and satellite communications systems to the Chinese People’s Liberation Army (PLA)” while Chengdu Yaguang Electronics and its parent company have provided “dual-use military and civilian “product. Electronic components” are supplied to the Chinese military.
The Bank for International Settlements said several Chinese research institutions have been designated to be responsible for “the development of hypersonic weapons, the design and modeling of hypersonic vehicles” and to support “China’s civil-military integration efforts.”
The agency also added Pakistan’s Emerging Future Solutions Pty Ltd “for its contributions to Pakistan’s ballistic missile program” and a Myanmar company that provides surveillance support to Myanmar’s military regime.
These designations impose licensing requirements on all U.S.-regulated exports to these entities and adopt a “presumption of denial” review policy.
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