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Global Business News

The Economic Times

Global Business / The Economic Times

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China opposes US move to list top firms as military companies

China strongly objects to the United States placing prominent Chinese companies on a military firm list. Beijing states this action disregards agreements made during a recent summit between President Trump and President Xi. The U.S. move impacts firms like BYD, Alibaba, and Baidu. China accuses the U.S. of suppressing its enterprises and ignoring bilateral economic interests.

13 Jun 2026 5:51 pm