Chinese companies flagged for security concerns by US rebrand, change company names to avoid sanction

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Chinese companies that are under investigation from the U.S. government are using shell companies and other legal workarounds to avoid sanction, according to a new report.

Chinese companies under investigation by the U.S. government are using shell companies, new names and other legal workarounds to continue doing business in America, according to a recent report. "Chinese firms take a blow but then adjust business strategy and are able to move in another direction," Derek Scissors, a former commissioner on the U.S.-China Economic and Security Review Commission, told The Wall Street Journal.

and all of its shell companies will be held accountable," Rep. Elise Stefanik, who serves on the House Armed Services Committee and the House Permanent Select Committee on Intelligence, told the Journal. But Scissors, a senior fellow at the American Enterprise Institute, told the Journal that it was more effective to target tech industries that are vulnerable to security breaches than to pick and choose individual companies.

 

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