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Trump administration says Sinochem and others backed by Chinese military

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US law says president may impose sanctions that could block all property of the listed firms. FMTNews China US Conflicts Santions Sinochem

WASHINGTON: The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, the Pentagon said on Friday, laying the groundwork for new sanctions.

The updated list also included China Three Gorges Corporation Limited, Sinochem Group Co Ltd and China Spacesat.The Pentagon’s designations do not trigger penalties, but a 1999 law that mandates compilation of the list says the president may impose sanctions that could include blocking all property of the listed parties.

 

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