The USA is stepping up pressure, other Chinese companies have been added to the black list
The US government has stepped up its security dispute with Beijing and added China's largest chip maker Semiconductor Manufacturing International Corp (SMIC) and state oil giant China National Offshore Oil Corp (CNOOC) to the so-called blacklist.
This means that it restricts their access to American technologies and investments.
According to political analysts, President
Donald Trump is likely to take further steps before the newly elected President
Joe Biden takes office on January 20. However, analysts do not expect a significant change in US policy even after Biden becomes the head of the White House.
The reason is the general frustration with China's approach to trade and human rights and the allegations that Beijing is stealing technology.
The Chinese government criticizes the US restrictions as abusing arguments in the area of national security in order to disadvantage nascent Chinese competitors in the technology sector and other areas.