DOD Releases List of Chinese Military Companies in Accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021
January 7, 2025
WASHINGTON, D.C. — The Department of Defense (DOD) today released a list of 59 Chinese companies that are owned or controlled by the People’s Liberation Army (PLA) or its affiliates. The list was compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021 (FY21), which requires the Secretary of Defense to submit to Congress a list of “Communist Chinese military companies.”
The purpose of Section 1260H is to prevent the United States from investing in, or otherwise supporting, companies that are owned or controlled by the PLA or its affiliates. The law defines a “Communist Chinese military company” as any entity:
- That is owned or controlled by the PLA or its affiliates;
- That is involved in the development or production of weapons or other military equipment; or
- That provides support to the PLA or its affiliates.
The companies on the list are involved in a wide range of activities, including:
- Aerospace and defense
- Telecommunications
- Artificial intelligence
- Semiconductor manufacturing
- Financial services
The release of the list is a significant step in the United States’ efforts to counter the growing threat posed by China. By preventing U.S. investment in Chinese military companies, the United States is helping to protect its national security and the security of its allies.
“The release of this list is a clear message to the Chinese Communist Party that the United States will not tolerate its efforts to undermine our security,” said Secretary of Defense Lloyd Austin. “We will continue to take all necessary steps to protect our interests and defend our nation.”
The United States is not the only country that has concerns about the PLA’s growing role in the economy. In recent years, several other countries, including Australia, Canada, and the United Kingdom, have implemented similar measures to restrict investment in Chinese military companies.
The release of the list is a welcome development. It is a necessary step in the United States’ efforts to counter the growing threat posed by China. By preventing U.S. investment in Chinese military companies, the United States is helping to protect its national security and the security of its allies.
DOD Releases List of Chinese Military Companies in Accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021
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