In its waning days, the Trump administration took another swipe at China and its biggest firms. The move came on January 14 when it imposed sanctions on officials and companies for alleged misdeeds in the South China Sea along with investment ban on nine other firms.
However, the Biden transition team did not comment on the move. The move at this time when President-elect Joe Biden takes office on January 20 will further increase tensions with China, a strategic rival of Washington in Asia.
As per the move, the new restrictions for allegedly using coercion against states with rival South China Sea claims will be slapped on executives of state-owned enterprises, officials of the Chinese Communist Party and military, along with oil giant CNOOC. Apart from this, nine other firms, including plane maker Comac and phone maker Xiaomi Corp have been added to the Pentagon’s list of companies with alleged ties to the Chinese military.
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