Chinese companies hit with U.S. trade restrictions over spy balloon incident

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Biden administration continues to punish Beijing over the spy balloon, which drifted over U.S. in February 2023

The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington.

The Chinese embassy in Washington called the move “blatant economic coercion and bullying in the field of technology,” and said China would resolutely safeguard the lawful rights of Chinese firms and institutions. That month, the Commerce Department added five companies and one research institute to the entity list for supporting “China’s military modernization efforts, specifically the People’s Liberation Army’s aerospace programs including airships and balloons.”

 

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