Chinese tech giants added to U.S. blacklist
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 January 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The Pentagon has added two of China’s corporate giants, Tencent and CATL, to a list of entities it alleges have military ties. This has sent the stocks of those companies tumbling down, but China has vowed to retaliate. Meanwhile, we’ll hear updates to a sexual harassment investigation at McDonald’s locations in the United Kingdom. Plus, we’ll learn about one of the longest-running British industrial disputes.
Transcript
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| 1:01.3 | in US-China tech rivalry. Hello, this is the Marketplace Morning Report live from the BBC |
| 1:06.6 | World Service. I'm Leanna Byrne. The Pentagon has added two of China's corporate giants, |
| 1:11.4 | Tencent and CATL, to a list of entities. It alleges have military ties. And this has sent the |
| 1:17.4 | stocks of those companies tumbling down. The blacklist doesn't come without consequences, |
| 1:22.1 | though. China has vowed to retaliate, accusing the US of unfairly and suppressing its businesses. |
| 1:28.7 | The BBC's Sirinjana, |
| 1:33.3 | Tawari, is covering this one. Hello. Hi there. Why are these companies in the spotlight? |
| 1:39.7 | So this is actually a list that the US puts out every year and adds to it and sometimes also takes companies off them as well. And obviously in the last few years since the US-China trade war |
| 1:45.8 | has started, a lot of Chinese companies have been added to this list. And the latest batch of |
| 1:53.1 | companies include the gaming and social media leader Tencent Holdings and the world's largest |
| 1:59.7 | electric vehicle battery maker, CATL. And that has a lot of |
| 2:05.0 | people scratching their heads about why a company that produces video games and social media like |
| 2:11.6 | WeChat, which is China's equivalent of WhatsApp, and a EV battery maker is being accused of working with China's military, |
... |
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