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US designates Tencent a Chinese military company
The Chinese embassy in Washington called the decision "unreasonable suppression of Chinese companies".
The US has added several Chinese technology companies, including gaming and social media giant Tencent and battery maker CATL, to a list of businesses it says work with China's military. It is part of Washington's approach to counteracting what it sees as Beijing's efforts to increase its military power by using technology from Chinese firms, universities and research programmes. "The US's practices violate the market competition principles and international economic and trade rules that it has always advocated, and undermine the confidence of foreign companies in investing and operating in the United States," said Liu Pengyu, a spokesperson for the Chinese embassy in Washington.
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