SITUATION REPORT

U.S., China: Washington to Label SMIC, CNOOC as Chinese Military Companies 

Nov 30, 2020 | 19:19 GMT

The United States is reportedly planning to add China’s Semiconductor Manufacturing International Corporation (SMIC) and China National Offshore Oil Corporation (CNOOC) to a list of companies controlled or owned by the Chinese intelligence and military apparatus, which would ban both SMIC and CNOOC from receiving U.S. investment per a recent executive order signed by U.S. President Donald Trump, Reuters reported Nov. 29. ...

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