U.S. banned certain companies from engaging in cooperation with China

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RBC-Ukraine (CA)

The U.S. continues to escalate pressure on China by adding companies to the Department of Defense list that could assist Beijing in strengthening its military, according to Reuters. This decision is part of broader U.S. efforts to safeguard the country’s national interests. The list now includes memory chip maker YMTC, artificial intelligence company Megvii, lidar maker Hesai Technology, and tech company NetPosa. Against the backdrop of deteriorating relations between the U.S. and China, the updated list marks another step by Washington to restrict Chinese military potential. The Chinese Embas…

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