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US adds BYD to list of firms with alleged Chinese military ties
Key takeaways
- Osmond Chia Business reporter Getty Images The US has added several major firms from China including technology giant Alibaba and electric car maker BYD to a list of companies said to have ties with the Chinese military.
- The Department of Defense's list aims to alert American organisations to the risks of doing business with the Chinese firms, but their inclusion does not mean they are immediately banned.
- The Chinese embassy in the US told the BBC that the list is "discriminatory" and said firms from China have strictly complied with the laws of host countries.
Why this matters: a developing story that could shape the day's news cycle.
Osmond Chia Business reporter Getty Images The US has added several major firms from China including technology giant Alibaba and electric car maker BYD to a list of companies said to have ties with the Chinese military.
The Department of Defense's list aims to alert American organisations to the risks of doing business with the Chinese firms, but their inclusion does not mean they are immediately banned.
The Chinese embassy in the US told the BBC that the list is "discriminatory" and said firms from China have strictly complied with the laws of host countries.
Article preview — originally published by BBC News. Full story at the source.
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