As the DOD blacklist focuses on companies deemed a threat to U.S. national security, it should not surprise anyone that such Chinese firms are now on it.
Among the swathe of Chinese entities last week placed by the U.S. Department of Defense DOD on a blacklist of firms believed to be supporting Beijing's military were several from its energy sector. Most notable of all, perhaps, were the China National Offshore Oil Corporation's CNOOC international oil trading arm and the COSCO Shipping Corporation. As highlighted by OilPrice.
As the former executive vice-president of the Bank of China, Zhang Yanling, suggested in a speech in April 2022, China should help the world 'get rid of the dollar hegemony sooner rather than later.' The second of Xi's announced priorities at that time caused equal consternation in Washington, as it followed the discovery by U.S. intelligence agencies that Saudi Arabia was manufacturing its ownballistic missiles with the help of China.
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