US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military

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US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military

//business-finance.news-articles.net/content/202 .. e-firms-allegedly-aiding-beijing-s-military.html

Published in Business and Finance on Tuesday, January 7th 2025 at 9:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list of companies it says work with China's military, in a move set to escalate U.

The U.S. Department of Defense has added several Chinese companies, including tech giant Tencent and battery maker CATL, to a list of firms it alleges are working with Beijing's military. This list, which now includes over 100 companies, was updated to reflect the U.S. government's concerns about the military-civil fusion strategy of China, where civilian technology and companies are integrated into military applications. The inclusion on this list does not immediately impose sanctions but could lead to restrictions on U.S. investments in these companies. The move signals increasing scrutiny and potential future regulatory actions against these firms amid ongoing U.S.-China tensions.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us-adds-tencent-catl-list-chinese-firms-allegedly-aiding-beijings-military-2025-01-06/ ]