China about to pull the switch on US companies

Stefan Mileschin · 23rd September 2020, 08:05

Waiting to see who gets elected first

The Chinese goverment is waiting to see who wins the election before embarking on a campaign of blacklisting US companies.

While the Chinese have not really responded to the US actions to shut down their companies apparently they have just been biding their time, according to Bloomberg.

According to Bloomberg, Beijing has sped up development of a blacklist that could be used to punish American technology firms. Officials say leaders are hesitating to pull the trigger, with some arguing a decision on the list should wait till after the US election.

Beijing has been working out how to respond to the Trump administration without driving the relationship closer to collapse.For example, after President Trump's campaign for a US company to take over video-sharing app TikTok, Chinese regulators rolled out new export-control rules that have helped TikTok parent ByteDance set terms that could help it avoid losing control of the platform's US operations or crucial technology. However a blacklist would really put the fear of God into US companies.

https://fudzilla.com/news/51574-chin...n-us-companies

23rd September 2020, 08:05	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,966	China about to pull the switch on US companies Waiting to see who gets elected first The Chinese goverment is waiting to see who wins the election before embarking on a campaign of blacklisting US companies. While the Chinese have not really responded to the US actions to shut down their companies apparently they have just been biding their time, according to Bloomberg. According to Bloomberg, Beijing has sped up development of a blacklist that could be used to punish American technology firms. Officials say leaders are hesitating to pull the trigger, with some arguing a decision on the list should wait till after the US election. Beijing has been working out how to respond to the Trump administration without driving the relationship closer to collapse.For example, after President Trump's campaign for a US company to take over video-sharing app TikTok, Chinese regulators rolled out new export-control rules that have helped TikTok parent ByteDance set terms that could help it avoid losing control of the platform's US operations or crucial technology. However a blacklist would really put the fear of God into US companies. https://fudzilla.com/news/51574-chin...n-us-companies

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