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US adds 37 Chinese entities to trade restriction list over 2023 spy balloon incident

US adds 37 Chinese entities to trade restriction list over 2023 spy balloon incident
Washington, May 11 : Amid heightening tensions between Beijing and Washington, the Biden administration added 37 Chinese entities to a trade restriction list, including some for allegedly supporting the suspected spy balloon that flew over the United States last year, CNN reported. According to the report, the US Commerce Department said it was adding some units of China Electronics Technology Group to the list for allegedly trying to obtain American technology to support China’s quantum technology capabilities, “which has serious […]

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The Biden administration has added 37 Chinese entities to a trade restriction list, including some for allegedly supporting the suspected spy balloon that flew over the United States last year. The US Commerce Department said it was adding some units of China Electronics Technology Group to the list for allegedly trying to obtain American technology to support China’s quantum technology capabilities, which has serious ramifications for US national security due to their military applications. The move comes as the Biden administration continues to punish Beijing over the spy balloon incident, which prompted State Department Secretary Antony Blinken to cancel a trip to China. The trade restriction list, known as the entity list, has been used aggressively by the United States to stem the flow of technology to China amid concerns Beijing could use it to bolster its military capabilities.

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