![]() ![]() The restrictions could also apply to immediate family members, he said. He said the sanctions were directed against those “responsible for, or complicit in, either the large-scale reclamation, construction, or militarisation of disputed outposts in the South China Sea, or use of coercion against Southeast Asian claimants to inhibit their access to offshore resources.” Pompeo said Washington was imposing visa restrictions on executives of Chinese state-owned enterprises and officials of the Chinese Communist Party and navy. “The United States stands with Southeast Asian claimant states seeking to defend their sovereign rights and interests, consistent with international law,” Secretary of State Mike Pompeo said in announcing the sanctions. Washington accuses Beijing of intimidating states such as Vietnam and the Philippines that have competing claims there.Ĭhina accuses Washington of trying to destabilise the region by sending warships and planes to the South China Sea. ![]() The US has long opposed China’s extensive territorial claims in the South China Sea, a potentially resource-rich area that is also a strategic trade route. In its response, the Chinese embassy referred to Foreign Ministry comments on January 7 accusing Washington of “pinning political and ideological labels on economic and trade issues and exploiting its state power to crack down on foreign companies, under the pretext of national security.” Those companies will be subject to a new US investment ban which forces US investors to divest holdings of the blacklisted firms by November 11, 2021. Smartphone maker Xiaomi is among nine companies that the US has added to its list of companies with alleged ties to the Chinese military Nine Chinese firms were added to the Pentagon’s list of companies with alleged ties to the Chinese military, including plane maker Comac and phone maker Xiaomi Corp. Senior US officials told reporters on a call on Thursday the new restrictions on CNOOC – the nation’s main deepwater explorer – will not apply to crude oil, refined fuels and liquid natural gas and do not apply to existing joint ventures with CNOOC that do not operate in the South China Sea. Keep reading list of 4 items list 1 of 4 Trump scraps plan to ban China’s Alibaba, Tencent, Baidu: Sources list 2 of 4 ‘Gathering storm’: EU firms say US-China decoupling is hurting list 3 of 4 US-China trade war cost up to 245,000 jobs: Study list 4 of 4 Cheat sheet: MIT professor charged with hiding work for China end of listĮxecutives of state-owned enterprises, officials of the Chinese Communist Party and military, along with oil giant China National Offshore Oil Corp (CNOOC), will face new restrictions for allegedly using coercion against states with rival South China Sea claims. ![]()
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