Forty Chinese firms on US trade blacklist

by Claudia Quinn, AP

BEIJING (Reuters) – The United States has placed 12 Chinese companies, including the country’s largest property developers, on its global trade blacklist, accusing them of stealing technology and violating intellectual property rights.

The companies are:

– Beijing Lujiazui Investment Group [BCIUD.UL], Beijing Naining Real Estate Co Ltd [NNHFR.UL], Anbang Insurance Group Co Ltd [ANBANG.UL], China Evergrande Group [3333.HK], Country Garden Holdings Co Ltd [CGWOL.UL], China Everbright Ltd [CYDAF.UL], Guangzhou R&F Properties Co Ltd [CLQU.UL], Geely Holding Group [GEELY.UL], GIC Real Estate Holdings [GICRE.UL], Hong Kong’s Midland Finance Ltd [MYSMH.UL] and Zhejiang Lujiazui Finance and Leasing Co Ltd [ZFSCH.UL].

– The Information Technology Industry Council (ITIC), a Washington-based lobbying group representing tech giants like Google and Cisco, sent a letter in late January to U.S. President Donald Trump urging him to add at least seven more Chinese firms to the trade blacklist.

The U.S. imposed import duties of up to 25 percent on steel, aluminium and solar panels imported from China last July. Washington, Brussels and several other countries then hit China with additional duties on long list of other Chinese imports ranging from seafood to tires.

(Reporting by Claudia Quinn, Paul Carsten, Shu Zhang, Sue-Lin Wong and Matthew Miller; Editing by Robert Birsel)

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