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U.S. adds China's BGI Genomics and drone maker DJI to investment ban

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The U.S Defence Department added more Chinese companies, including drone maker DJI Technology and surveillance equipment maker Zhejiang Dahua Technology, to a blacklist that subjects them to an investment ban for Americans.

BGI Genomics Co Ltd, which runs a massive gene databank and has DNA-sequencing contracts with health firms and universities worldwide, and CRRC Corp, which engages in the manufacture and sale of rail transit equipment, were also among the 13 companies added to the list released by the Pentagon on Wednesday.

"The Department is determined to highlight and counter the People's Republic of China's Military-Civil Fusion strategy, which supports the modernization goals of the People's Liberation Army by ensuring its access to advanced technologies and expertise are acquired and developed by PRC companies, universities, and research programs that appear to be civilian entities," the Pentagon said in a statement.

 

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