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U.S. to add more Chinese firms to blacklists – FT

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Shares in Chinese healthcare and technology firms tumbled on Wednesday after a report that the United States would add more Chinese firms, including the largest commercial drone maker and biotech firms, to investment and export blacklists this week. Francis Maguire reports.

The world’s biggest commercial drone maker looks set to go on a U.S. investment blacklist.

DJI is among eight firms added, according to the Financial Times newspaper.

It says the U.S. Treasury Department is targeting DJI and others after allegations they were involved in surveillance of the country’s Uyghur Muslim minority.

China’s Foreign Ministry criticised the reported move.

“We urge certain people in the U.S. to abandon the Cold War mentality and ideological prejudice, and stop the abuse of state power to unreasonably suppress China’s specific fields and enterprises.”

A DJI spokesperson declined to comment on the report.

Though they did link to a statement from a year ago, when the company claimed it had done nothing to justify a move against it.

The Financial Times also reported the U.S. commerce department would place a number of Chinese firms on a so-called ‘entity list’.

That would restrict exports to those companies by U.S. businesses.

Shares in related firms skidded in Wednesday trade.

Chinese healthcare stocks were down 3.2% in afternoon trade, and the sell-off was even sharper in Hong Kong, at 7.6%.

Another major Chinese AI start-up, SenseTime, was also added to the Treasury blacklist just days ago.

The company was then forced to postpone its $767 million Hong Kong IPO.

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How can we support a more eco-friendly future?

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With a $23 million commitment for a national circular economy and $1.3 million for net zero transition guidance, Australia is advancing towards sustainability.

Funding Futures is a weekly TV show on Ticker, hosted by Mike Loder and Steven Maarbani from Venture Crowd, that delves into the dynamic and evolving world of venture crowd-raising.

In this episode, we are joined by Cameron Hope, Founder of CEO of Hirehood. #trends #funding futures

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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