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US Department of Commerce blacklisted 24 Chinese state-owned companies. This is stated in a statement issued by the department on Wednesday, August 26.
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In parallel with this, US Secretary of State Michael Pompeo announced the introduction of visa restrictions on Chinese citizens involved in bulk work in the South China Sea.
Recall that China and ASEAN members? Philippines, Malaysia, Brunei, Vietnam? there is a territorial dispute over the Spratly archipelago (Chinese name? Nansha) in the South China Sea.
The main reason for the conflict is Beijing's attempts to establish control, including through a military component, over the area near the Strait of Malacca, through which about 60% of Chinese trade and up to 80% of Chinese imports of hydrocarbons pass..
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