'The US administration has abused the blacklist in the name of safeguarding US national security and foreign policy interests,' Chinese state media said, citing similar tactics used by the Trump administration in curbing Chinese tech giant Huawei.
, its push for the internet of things — which refers to devices connected to the internet — and its emphasis in developing nuclear technology as a top priority.
"The latest move underscores this policy direction," Hibbs told CNBC, explaining it means that if an American company or person does business with a listed entity, they would be violating U.S. law and be liable to be prosecuted.
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