Business giants Alibaba, Baidu, BYD and many other Chinese companies have officially been identified by the United States Department of Defense (DoD) as entities that were involved with the military of Communist China, according to a Kyodo News report.
To put things in perspective, posted below is the excerpt from the Kyodo News report. Some parts in boldface…
The U.S. Defense Department said Monday it has added Alibaba Group Holding Ltd., Baidu Inc., BYD Co. and other leading Chinese companies to a long list of entities it believes to be working with China’s military.
The expansion of the list comes after U.S. President Donald Trump and Chinese President Xi Jinping agreed to stabilize bilateral relations during talks in Beijing in mid-May, despite intense geopolitical rivalry and disputes over numerous issues.
In designating the companies, the U.S. department asserted that BYD, China’s largest electric vehicle maker, and internet titans Alibaba and Baidu contribute to the country’s defense industrial base as they are affiliated with its Ministry of Industry and Information Technology.
The Pentagon believes China’s “military-civil fusion” strategy has helped modernize the People’s Liberation Army. It is required by law to annually update and publish the list of so-called Chinese military companies operating directly or indirectly in the United States.
While appearing on the list does not lead immediately to legal steps by U.S. agencies, such as export controls or sanctions, the reputations of those named can be impacted. The department is also restricted from entering into contracts with designated entities.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think this development will influence other governments and corporations to avoid signing contracts with Chinese companies that have been working with China’s military? Do you think your local or regional government has signed deals with any of the Chinese companies that have been tagged by the US Department of Defense? Are you concerned that Chinese businesses have stolen technologies and other pieces of critical information from your nation’s government or the private sector?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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