Trump’s latest crackdown on Chinese companies including CNOOC is his ‘final frenzy’
Chinese analysts said the Trump administration’s latest crackdown against Chinese companies is his “final frenzy,” and in his waning less than five days, he is trying to create hurdles to hamstring the incoming Biden administration’s China policy.
The analysts also said that the coming administration will not accept such a legacy, as each government will maximize its own interests, and it is believed Biden will take China”as a challenge instead of a threat.
That comment came after Trump administration on Thursday labeled China, Iran, Russia, Cuba and North Korea as foreign adversaries as part of a new set of rules aimed at protecting the US telecoms supply chain.
The rules, which implement an executive order that US President Donald Trump signed in May 2019, will go into effect 60 days after publication.
Also, the US Department of Commerce (DOC) said on Thursday that it has added two Chinese companies – Chinese National Offshore Oil Corporation (CNOOC) and aviation firm Skyrizon – to two separate blacklists.