Home Industry News Beijing Says US Supply Chain Curbs Sabotage China’s Development

Beijing Says US Supply Chain Curbs Sabotage China’s Development

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The United States is “over-stretching” the concept of national security by imposing supply chain sanctions on China to stymie its growth, according to Chinese Foreign Ministry spokesman Zhao Lijian.

US Commerce Secretary Gina Raimondo said Tuesday that the US is mulling adding more Chinese firms to the government’s banned entity list, which effectively blocks access to US exports, Reuters reported. The US says some firms on the blacklist have aided China’s military operations by providing resources and know-how.

Last month, the US Department of Commerce put California-based Synopsys Inc., the biggest supplier of software used to design semiconductors, under investigation for possibly passing key technology to two banned Chinese companies, according to people familiar with the matter.

SourceBloomberg

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