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US-China tensions

US blacklists top China chipmaker SMIC and oil giant CNOOC

Move aims to block investment that could benefit Beijing's military

The U.S. has labelled Semiconductor Manufacturing International Co. and China National Offshore Oil Corp. as "Communist Chinese military companies." (Source photos by AP and Reuters)

TAIPEI/HONG KONG -- China's largest contract chipmaker and one of its biggest oil groups have been added to a U.S. blacklist over alleged military ties, escalating Washington-Beijing tensions in the final days of the outgoing Trump administration.

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