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Pentagon’s blacklist of Chinese firms threatens global economy

9 0
10.01.2025

On January 6, the US Department of Defense (DoD) unveiled an updated list of so-called “Chinese military companies,” alleging these firms support China’s military development. This controversial list, which now includes 134 entities, has sparked international criticism and confusion, with Tencent Holdings-the tech giant primarily known for its social media platform WeChat and popular game Honor of Kings-among the most surprising additions. The move has provoked outrage and disbelief in global markets, casting doubt on the legitimacy and rationale of the Pentagon’s approach.

In response to its inclusion on the blacklist, Tencent Holdings announced on January 7 that it intends to initiate a Reconsideration Process to address what it perceives as a grave mistake. The company plans to engage in discussions with the Pentagon to resolve misunderstandings and, if necessary, pursue legal action. Tencent’s swift response underscores the seriousness of the accusations and the broader implications for its global business operations. However, Tencent is not alone. Other major Chinese companies, such as CATL, China Commercial Aircraft Corporation, and COSCO Shipping, also found themselves added to the blacklist. This sweeping inclusion of leading Chinese tech firms suggests a broader strategy to suppress China’s technological advancements under the guise of national security concerns.

The Pentagon’s process for determining which companies belong on its list appears increasingly arbitrary and politically motivated. Many of the listed firms have no clear ties to military activities, leading to skepticism about the validity of the allegations. For example, DJI, a world leader in consumer drone technology, remains on the list despite providing evidence that........

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