CBN丨China slams US on reported sanctions on SMIC and other Chinese firms

Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday on fears that Washington will slap investment and export sanctions against more companies. US will add eight Chinese companies, including leading drone manufacturer DJI Technology, to an investment blacklist on Thursday. American investors are barred from investing in companies bearing that label. The firms named were already on a separate blacklist that bans them from accessing American technologies.

 

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