US blacklist of China’s tech giants risks faster decoupling

Quick Summary:

The US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most valuable companies: It also threatens to accelerate decoupling of the world’s biggest economies.

The US has imposed export controls to restrict China’s ability to build an advanced semiconductor industry and use artificial intelligence for military purposes.

Since the first list was put out in 2021, as mandated by a law passed in the waning days of Donald Trump’s first term, it has expanded to 134 companies—including four of China’s top 20 in terms of market capitalization, which together are valued at almost $1 trillion.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaSingapore

Topics: Controls List Companies China Major Move Military Technologies Catl Chinese China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 11:43:02 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1164 words

Reading Time: 7 minutes read

Sentences: 32 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24974350

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Official Website: businessmirror.com.ph

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News Last Updated: 19 hours ago

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