Wuxi AppTec hits back
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The Pentagon added WuXi AppTec to its Chinese military ties list, joining 188 entities. The biotech giant plans to contest the designation.
The Department of Defense has added $43 bln WuXi AppTec to a list of firms believed to have Chinese military connections. This latest move won’t on its own reduce US dependence on the country’s pharma giants,
The Manila Times on MSN
Beijing says 'firmly opposed' to US blacklist of Chinese companies
CHINA — Beijing said on Tuesday it "firmly opposed" the US blacklisting of Chinese companies, after Washington added tech giants Alibaba and Baidu to a list of firms it says are aiding the Chinese military.
The Pentagon added Alibaba, Baidu, BYD, Nio and other Chinese firms to its military-linked companies list, escalating scrutiny amid renewed US-China tensions.
1don MSN
US Drops New China Blacklist — Pentagon Flags Alibaba, BYD and Baidu Over Military Links | Full List
The Pentagon has added numerous Chinese companies, including major tech and automotive firms, to its list of entities linked to China's military, impacting their access to US capital and government contracts.
The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump's China trip.
Some well-known companies were added to the annually updated list, which designates them as a U.S. national-security risk. | World News
(Reuters) -U.S. intelligence officials in late February told senators working on a biotech security bill that Chinese pharmaceutical firm WuXi AppTec had transferred U.S. intellectual property to Beijing without consent, according to two sources.