{"id":1678896,"date":"2022-10-07T23:53:30","date_gmt":"2022-10-08T03:53:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1678896"},"modified":"2022-10-07T23:53:44","modified_gmt":"2022-10-08T03:53:44","slug":"u-s-widens-investment-ban-to-chinas-bgi-genomics-drone-maker-dji","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-widens-investment-ban-to-chinas-bgi-genomics-drone-maker-dji\/","title":{"rendered":"U.S. widens investment ban to China\u2019s BGI Genomics, drone maker DJI"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-widens-investment-ban-to-chinas-bgi-genomics-drone-maker-dji%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1678896&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Kanishka Singh<\/p>\n<p>WASHINGTON (Reuters) -The U.S Defense 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.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>BGI Genomics Co Ltd, which runs a massive gene databank and has DNA-sequencing contracts worldwide, and CRRC Corp, which makes and sells rail transit gear, were also among the 13 added to the list the Pentagon released on Wednesday.<\/p>\n<p>Last year, a Reuters review of scientific papers and company statements found that BGI was using prenatal tests developed in collaboration with the Chinese military to collect genetic data for sweeping research on the traits of populations. <\/p>\n<p>\u201cThe department is determined to highlight and counter the People\u2019s Republic of China\u2019s military-civil fusion strategy,\u201d the Pentagon said in a statement.<\/p>\n<p>That strategy supported the Chinese military\u2019s modernization goals by ensuring its access to advanced technologies and expertise were acquired and developed by Chinese firms, universities, and research programs \u201cthat appear to be civilian entities,\u201d it added.<\/p>\n<p>The list bars buying or selling publicly traded securities in target companies.<\/p>\n<p>An initial tranche of about 50 Chinese companies that included telecoms equipment maker Huawei was added to the U.S. list in June last year.<\/p>\n<p>At the time, President Joe Biden signed an executive order that banned U.S. investment in the dozens of Chinese companies alleged to have ties to defense or surveillance technology sectors. <\/p>\n<p>The order aimed to prevent U.S. investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs.<\/p>\n<p>It was part of Biden\u2019s efforts to counter China, such as reinforcing U.S. alliances and pursuing large domestic investments to bolster American economic competitiveness, as ties sour between the world\u2019s two biggest economies.<\/p>\n<p>In a statement, the Chinese drone maker said there was \u201cno reason\u201d why it had been added to the blacklist.     <\/p>\n<p>\u201cDJI stands alone as the only drone company to clearly denounce and actively discourage military use of our products,\u201d it said, adding that it was not a military company in China, the United States or elsewhere.<\/p>\n<p>\u201cDJI has never designed or manufactured military-grade equipment, and has never marketed or sold its products for military use in any country,\u201d it said. <\/p>\n<p> (Reporting by Kanishka Singh in Washington; Additional reporting by Josh Ye in Hong Kong; Editing by Leslie Adler and Clarence Fernandez)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/u-s-adds-chinas-bgi\/attachment\/file-photo-the-dji-phantom-3-a-consumer-drone-takes\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI96015-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI96015-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/u-s-adds-chinas-bgi\/attachment\/file-photo-a-technician-works-at-a-genetic-testing-laboratory\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI96012-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI96012-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Kanishka Singh WASHINGTON (Reuters) -The U.S Defense Department added more Chinese companies, including drone maker DJI Technology and surveillance equipment maker Zhejiang Dahua Technology, to a blacklist that subjects<\/p>\n","protected":false},"author":66,"featured_media":1889588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1678896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/u-s-widens-investment-ban\/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-widens-investment-ban","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1678896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1678896"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1678896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889588"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1678896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1678896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1678896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}