Pentagon Warns of Chinese Military Ties in Major Companies

The Pentagon has identified several major Chinese companies, including Alibaba, Baidu, and BYD, as potentially aiding the Chinese military. This designation, while not carrying immediate legal penalties, serves as a significant warning to American investors. The companies were informed by Deputy Defense Secretary Stephen Feinberg, and while not yet formally added to the Pentagons twelve sixty H list, their inclusion could lead to restrictions on US defense contracts, reputational damage, and increased compliance costs. The Chinese Foreign Ministry has strongly opposed these actions, urging the US to correct its actions and protect the rights of Chinese companies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.