Global pharma, biopharma and medical devices firm.
The Pentagon has updated its annual 1260H list and has added 188 Chinese entities, including Alibaba, Baidu and BYD, and reinstated memory chipmakers CXMT and YMTC. Beijing has protested and several listed companies have rejected the designations. The change will bar the Defense Department from direct contracts with listed firms this month and from third‑party purchases from 2027.
The Pentagon has added major Chinese firms such as BYD, Alibaba and Baidu to a sanctions list over alleged ties to China’s military. Beijing condemns the move as unfair and vows retaliation; the update follows a high-stakes meeting between Presidents Trump and Xi and could affect 2027 procurement rules.
China has placed 10 U.S. firms, including rare‑earth producers MP Materials and USA Rare Earth, on its export‑control list and has barred government procurement from 46 U.S. companies. Beijing says the steps respond to the Pentagon’s expanded list of Chinese firms and protect national security; affected U.S. companies say the measures are largely symbolic but will disrupt some supply chains.