The U.S. Commerce Department has “red-flagged” 33 Chinese hi-tech companies amid growing concerns about the technology theft by Beijing-controlled entities. Adding these companies to the “unverified list” will restrict their ability to access products and technology developed by U.S. private sector players.
The blacklisted entities are “primarily hi-tech manufacturers, including those that produce laser components and pharmaceuticals, government research labs and two universities,” the Hong Kong daily South China Morning Post reported.
The announcement angered the Chinese regime. The county’s Communist Party (CCP) mouthpiece Global Times telling the U.S. to “correct mistake” and “return to the right path of win-win cooperation,” — a much repeated mantra as China’s state-owned companies continue to steal U.S. trade and technology secrets.