China sanctions 13 US firms over Taiwan
China has sanctioned at least 13 American defense firms and six executives over arms sales to Taiwan, which Beijing considers a ‘breakaway province’. Foreign Ministry spokesman Lin Jian said, “Taiwan independence and peace in the Taiwan Straits are fundamentally incompatible. The US insistence on using force to support Taiwan’s independence cannot change China’s firm determination […]
China sanctions 2 US companies over Taiwan
China has sanctioned two US defense companies for supporting arms sales to Taiwan, which China says it can take back by force if necessary. This is a rare development. It includes freezing the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems in China. It also bans company management from entering the country. […]
The US will impose sanctions on 200 more Chinese chip companies: High-bandwidth memory may also face export ban
An e-mail sent by the US Chamber of Commerce, the largest lobby group in the US, to its members, indicating that High Bandwidth Memory (HBM) exports will also be banned, caused the leak of the sanctions plan. As is well known, the US has been engaged in a chip war with China for several years […]
EU Proposes Sanctions Against Chinese Firms Helping Russia’s War Efforts
The European Union is proposing to impose sanctions on a number of Chinese companies that it alleges helped Russian companies develop drones used against Ukraine. This would require the support of 27 member states. According to documents seen by Bloomberg, the European Commission is also considering restrictions on additional Russian oil tankers to hamper Moscow’s […]
China-backed cyberattacks to be sanctioned
The UK government has formally accused China of being behind ‘malicious’ cyber attacks on MPs and the Electoral Commission. Two individuals and a company have been sanctioned for the cyberattacks. British Deputy Prime Minister Oliver Dowden suggests that they were behind attempts to access the data of MPs critical of Beijing and potentially 40 million […]
Taiwanese businessman Tsao to sue Chinese authorities over sanctions
Taiwanese businessman Robert Tsao announced that he will sue senior Chinese officials in a Taiwanese court over sanctions imposed on him. Tsao said he is trying to counter China’s intimidation of his legal activities. China, which claims Taiwan as its territory, said last month that it would punish and sanction Tsao, the retired founder of […]
US may also sanction those involved in Huawei’s secretive chip network
The US Government intends to escalate Washington’s chip wars strategy. Bloomberg claims that sanctions are imminent against a number of Chinese semiconductor companies linked to tech giant Huawei. Leaked reports show that the Chinese companies or entities under scrutiny include some that were highlighted last year in allegations that Huawei was trying to set up […]