The U.S. government put investment and export restrictions on dozens of Chinese companies on Thursday, including top drone maker DJI, accusing them of complicity in the oppression of China's Uyghur minority or helping the military, further ratcheting up tensions between the world's top two economies.
Blaming DJI and seven other tech firms for supporting "the biometric surveillance and tracking" of Uyghers, the U.S. Treasury Department added them to a list of entities suspected of having Chinese military links, barring Americans from trading in their securities.
China denies rights abuses in Xinjiang and has pushed back against U.S. "interference" in its affairs, vowing to protect its companies against U.S. sanctions.
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US adds drone maker DJI and 7 other Chinese companies to investment blacklistThe US Treasury Department announced that it has placed investment restrictions on the firms due to their roles in facilitating human rights abuses against China's Uyghur Muslims in Xinjiang and other ethnic and religious minorities.
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US adds drone maker DJI and 7 other Chinese companies to investment blacklistThe US Treasury Department announced that it has placed investment restrictions on the firms due to their roles in facilitating human rights abuses against China's Uyghur Muslims in Xinjiang and other ethnic and religious minorities.
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U.S. hits more Chinese companies over ties to alleged human rights abusesThe Biden administration hit dozens of Chinese entities with export restrictions on Thursday, accusing them of aiding in the oppression of China's Uyghur minority or helping Beijing's military, further ratcheting up tensions between the world's top two economies.
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U.S. to add more Chinese firms to investment, export blacklists - FTShares in Chinese healthcare and technology firms tumbled on Wednesday after a report that the United States would add more Chinese firms, including the largest commercial drone maker and biotech firms, to investment and export blacklists this week.
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It's 'game over' for U.S.-listed Chinese companies, global asset manager saysChinese companies listed on Wall Street will likely to be cut off from U.S. capital markets in the next three years, says TCW Group's David Loevinger.
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