U.S.-China relations further ossified after spy balloon invasion.
[Financial Channel/Comprehensive Report] A few days ago, Chinese spy balloons invaded the US airspace, further detonating national security concerns.
The White House announced on Friday (10th) that six Chinese companies suspected of being involved in spy balloons will be included in the entity list.
The U.S. Department of Commerce said the Chinese companies were added to the Entity List, which is considered a trade blacklist, to assist China's military modernization efforts, especially aerospace programs, including balloons and flying ships.
The United States also stated that this measure is directly related to the spy balloon invasion.
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Businesses added to the Entity List on Friday include:
●Beijing Nanjiang Aerospace Technology Co., Ltd
●China Electronics Technology Group Corporation 48th Research Institute
●Dongguan Lingkong Remote Sensing Technology Co., Ltd
●Eagles Men Aviation Science and Technology Group Co., Ltd
●Guangzhou Tian-Hai-Xiang Aviation Technology Co., Ltd
●Shanxi Eagles Men Aviation Science and Technology Group Co., Ltd
Companies placed on the Entity List will have difficulty accessing U.S. technology exports, a measure both President Joe Biden and former President Donald Trump have used to crack down on Chinese companies and thwart Beijing's military advances .
At present, the Chinese embassy in Washington and the six companies and research institutions have not yet responded to the incident.
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