US imposes sanctions against Chinese companies for assisting Iran

US imposes sanctions against Chinese companies for assisting Iran

Washington: The United States has imposed sanctions against Chinese companies assisting Iran with its missile and other military programs. US Secretary of State, Mike Pompeo announced these sanctions. Only a few days ago, the United States had warned that sanctions would be imposed on the entities involved in weapons sale to Iran, after the expiry […]

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Chinese companies including Tencent take a hit of $75 billion after US action

Chinese companies including Tencent take a hit of $75 billion after US action

Hongkong/Washington: Chinese companies have taken a major hit following the sanctions imposed by US President Donald Trump. It has been reported that leading Chinese companies from the information technology sector, including Tencent, have suffered losses of $75 billion. Tencent, one of the top 10 companies in the world, is believed to have taken a hit […]

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Govt changes trade rules in public procurement to restrict Chinese companies, to ban more Chinese apps

Govt changes trade rules in public procurement to restrict Chinese companies, to ban more Chinese apps

New Delhi: The Indian government delivered another blow to China, by changing the tendering norms, to keep Chinese companies away from bidding for these tenders. As per reports, the government is also making preparations to deliver another blow, by banning more Chinese apps. At the same time, a renowned company like Apple has decided to […]

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Chinese companies banned from highway projects and MSME sectors too, Union Minister Nitin Gadkari

Chinese companies banned from highway projects and MSME sectors too, Union Minister Nitin Gadkari

New Delhi: Following the ban on 59 Chinese apps, the government is preparing to deliver another strong jolt to China. Nitin Gadkari, Minister for Micro, Small, medium enterprises (MSME), informed that the government is preparing a policy to stop Chinese investment in the infrastructure and MSME sectors. Gadkari said that the government would ensure that […]

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United Kingdom to formulate new legislation to counter influence of Chinese companies

United Kingdom to formulate new legislation to counter influence of Chinese companies

London: The United Kingdom has indicated that if a foreign company forcibly acquired a British company creating a threat to national security, the foreign company will be prosecuted under criminal charges. A bill for this purpose will soon be presented in the British parliament and the British media informed that Prime Minister Boris Johnson has […]

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United States blacklists 33 Chinese companies

United States blacklists 33 Chinese companies

Washington/Beijing: The US Department of Commerce has blacklisted 33 companies having links with the Chinese military. On the background of the US-China diplomatic war in the wake Corona pandemic, the decision is viewed as a significant jolt to China by the United States. The companies blacklisted by the US include those providing ‘Artificial Intelligence’ and […]

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US bans five Chinese companies in the technology sector under the issue of national security

US bans five Chinese companies in the technology sector under the issue of national security

Washington: After declaring an emergency against Chinese companies in the field of technology, the United States has intensified the action further. The US trade department on Friday through its statement announced a ban on five Chinese companies, operating in the super computing sector. The United States has accused one of these companies to be connected […]

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