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A man stands outside the headquarters building of the China National Offshore Oil Corporation (CNOOC) in Beijing in 2016.
AFP / Getty Images
The Trump administration is set to add China’s largest chipmaker, SMIC, and oil giant CNOOC to its export blacklist, claiming they are owned or controlled by the Chinese military, a reported Sunday to Reuters.
It was not clear when the new designations would take effect. China Construction Technology Co. Ltd. and China International Engineering Consulting Corp. would also be added to the list. This designation would make it much more difficult for US companies to export technology to the four Chinese companies. Huawei Technologies Co. was added to the list in May.
Semiconductor Manufacturing International Corp. is China’s most advanced semiconductor manufacturer and China National Offshore Oil Corp. is one of the largest energy companies in China.
CNOOC part 883,
plunged more than 7% in Monday’s trading in Hong Kong, while the 981 minimum wage,
fell about 1%. The SMIC withdrew its US listing last year, while the US CEO of CNOOC Certificates of Deposit,
are down 27% since the start of the year.
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