China opposes US move to list top firms as military companies
AP News • • business
Key Points:
- China strongly opposes the U.S. decision to add several prominent Chinese companies, including BYD, Alibaba, and Baidu, to its list of military-linked firms, arguing it violates agreements made during the recent Trump-Xi summit.
- The Pentagon's list aims to identify Chinese companies with alleged ties to the Chinese military, barring them from securing U.S. defense contracts.
- A Chinese Commerce Ministry spokesperson accused the U.S. of ignoring bilateral economic interests and misusing national security concerns to unjustly target Chinese businesses.
- The affected companies have denied any basis for their inclusion on the U.S. military companies list.