China hits dozens of US companies with export controls and procurement bans
Beijing has added dozens of US defence, semiconductor and aerospace firms to its export-control list and banned them from public procurement. The move is being read as a direct response to fresh US chip-equipment restrictions announced in Washington last month.
China's Ministry of Commerce issued a late-night decree adding dozens of US firms — spanning aerospace, semiconductor equipment and defence electronics — to its « unreliable entity » list. Companies on the list are barred from exporting dual-use goods to China and from bidding for public contracts.
Nikkei Asia reports that the move follows Washington's May restrictions on chip-manufacturing equipment sales to Chinese fabs producing below 14 nm. A commerce ministry spokesperson, He Yongqian, called the measures « a proportional reciprocity step protecting national security ». People familiar with the matter said the list could be expanded in the coming weeks to include financial-services firms.
Markets reacted sharply: Hong Kong's Hang Seng fell 1.6%, China's CSI 300 dropped 0.9% and S&P 500 futures slid 0.5%. The European Union's trade commissioner, Maros Sefcovic, said Brussels was « calling for talks to protect global supply chains »; the White House had not issued a formal response by Asia close.
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