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Home Business & Finance

Chinese Companies Evade US Sanctions With Rebranding Strategy

Nnaemeka OkwarabyNnaemeka Okwara
May 29, 2024
in Business & Finance
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Chinese Companies Evade US Sanctions With Rebranding Strategy
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Chinese companies facing US scrutiny have devised a clever tactic to maintain their American presence: rebranding and adopting new names to evade legal sanctions. This strategic maneuver enables them to continue operating in the US market while sidestepping regulatory hurdles.

Table of Contents

Toggle
  • Investigation Uncovers Web of Shell Companies and Legal Loopholes
  • Case Studies: Hesai and BGI Genomics’ Rebranding Efforts
  • Congress Considers Comprehensive Limits on Chinese Tech Companies
  • Expert Analysis: Targeting Vulnerable Tech Sectors Over Individual Companies
  • Companies Decline to Comment on Rebranding Efforts
  • In Essence

Investigation Uncovers Web of Shell Companies and Legal Loopholes

A recent report exposed Chinese firms exploiting shell companies, new identities, and legal workarounds to persist in the US market. According to experts, these companies adapt and evolve their business strategies to evade restrictions and maintain a foothold in the American market.

Case Studies: Hesai and BGI Genomics’ Rebranding Efforts

Hesai, a Chinese company specializing in Lidar sensor technology, established an American subsidiary, American Lidar, to manufacture and distribute its products in the US. However, the Defense Department’s designation of Hesai as a Chinese military company led to a significant decline in its stock price and barred the US military from procuring its products. Similarly, BGI Genomics, a Chinese genomics company, rebranded its subsidiary as Innomics to distance itself from US scrutiny.

Congress Considers Comprehensive Limits on Chinese Tech Companies

The US government is contemplating broader restrictions on Chinese companies, including a potential ban on drones manufactured by SZ DJI. Representative Elise Stefanik has vowed to hold DJI and its affiliates accountable, emphasizing the need for stringent oversight.

Expert Analysis: Targeting Vulnerable Tech Sectors Over Individual Companies

Derek Scissors, a senior fellow at the American Enterprise Institute, advocates for a more comprehensive approach, suggesting that targeting vulnerable tech sectors is a more effective strategy than focusing on individual companies. By addressing the root causes of security concerns, the US government can better protect its interests and prevent Chinese companies from evading scrutiny.

Companies Decline to Comment on Rebranding Efforts

DJI, American Lidar, Innomics, and BGI Genomics declined to comment on their rebranding strategies and efforts to evade US sanctions.

In Essence

Chinese companies facing US scrutiny have employed rebranding and legal workarounds to maintain their American presence. As the US government intensifies its efforts to regulate Chinese companies, it is crucial to adopt a comprehensive approach that addresses the root causes of security concerns and prevents companies from evading scrutiny.

Tags: chinaChinese Companies Evade US Sanctions With Rebranding StrategyCompaniesfederal characterForeign NewsgovernmentNewsRebrandingsanctionsstrategyUS
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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