The US Department of Commerce placed 34 Chinese entities on its list of organizations potentially involved in activities contrary to the national security or foreign policy interests of the United States. Being on the list implies the imposition of additional license requirements for exports, reexports and transfers to listed entities.
Notably a list of eleven medical research institutes attached to the Academy of Military Medical Sciences including the institute if microbiology and epidemiology has been proscribed. According to the Department of Commerce this research supports Chinese military end uses, as well as purported brain control weaponry.
The remaining entities are largely electronics companies proscribed either for assisting in the modernization of the Chinese military or failing to obey US sanctions against Iran.
The department’s end user review committee also modified the listing of proscribed Chinese tech giant Huawei which was added to the list in May 2019 to include three additional company aliases.
These steps follow on steps taken this month by the SEC to raise auditing standards for Chinese companies listed on US stock markets.
By Staff
