
© Getty Images/Chakrapong Worathat/EyeEm
The Pentagon has added China's largest
chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies. The move is part of broader attempts to reduce Chinese firms' access to the US market.
The US Department of Defense designated four additional companies as being owned or controlled by the Chinese military, the other two being China Construction Technology and China International Engineering Consulting. The four just added bring
the total number of blacklisted firms to 35.The list didn't initially trigger any penalties, but a recent executive order issued by President Donald Trump will
prevent US investors from buying securities of the blacklisted firms starting next year. Specifically, the move could make it
more difficult for US companies to export technology to the blacklisted Chinese companies.In September, the Pentagon said it was considering whether SMIC should be added to the Commerce Department's entity list, which essentially
restricts those companies from receiving specific goods made in the United States.
Comment: Corbett isn't alone in seeing the massive economic and political sham that the 'Great Reset' represents.
Listen to what Alberta Premier Jason Kenney has to say about it: