CHINA-US: US SANCTIONS 58 CHINESE COMPANIES INCLUDING 7 SUBSIDIARIES OF AVIC

The U.S. Commerce Department on December 21, added more than 58 Chinese and 45 Russia companies to a new list of companies it said to have links to their nations’ militaries. The move means anyone seeking to sell items that could eventually be used for military purposes to those businesses will need a license and will sharply curtail certain types of exports. Among the biggest names were seven subsidiaries of Aviation Industry Corp. of China Ltd. Earlier on December 18, the US Commerce Department added dozens of Chinese companies, including Semiconductor Manufacturing International Corp., a leading contract chipmaker, and DJI Technology, the world's biggest consumer drone producer, to its trade blacklist.





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