The U.S. Department of Defense (DoD) has released an updated list of Chinese companies deemed to have ties to the People's Liberation Army (PLA), a move aimed at countering China's military-civil fusion strategy, according to DoD's release. The updated list, mandated by the 2021 National Defense Authorization Act, highlights companies that contribute to the PLA's modernization goals by providing access to advanced technologies and expertise.
The inclusion of China COSCO Shipping Corporation Limited, COSCO SHIPPING (North America) Inc., and COSCO SHIPPING Finance Co., Ltd. on the list has prompted a response from the company. Cosco Shipping maintains that it is not a "Chinese military company" and asserts that it has always adhered to local laws and regulations in all its international operations. The company emphasizes its commitment to facilitating global trade and providing high-quality shipping and logistics services to clients worldwide, including those in the United States. Cosco Shipping has stated its intention to engage with U.S. authorities to clarify its position.