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-CHINA: Trump To Add China's SMIC & CNOOC To Defense Blacklist (RTRS)

US

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.

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  • No meaningful reaction in core markets, with many expecting Trump to up the ante with China during his final weeks in office.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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