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China has the biggest oil reserve.
Beijing said it 'firmly opposed' the US decision to blacklist major Chinese companies including Alibaba and Baidu.
The US added Chinese companies to a blacklist on grounds of alleged military ties.
The US blacklisted major Chinese companies, including BYD, Alibaba, and Baidu, accusing them of aiding the Chinese military.
China says it firmly opposes the US blacklist of Chinese companies.
The EU plans to add four Chinese companies to its sanctions list.
The US Department of Commerce issued guidance to halt shipments of advanced AI chips, including Nvidia’s Rubin and Blackwell processors and AMD’s MI350x, to Chinese firms located outside China.
The US Department of Commerce issued guidance to apply a ban on AI chip shipments to Chinese firms outside China.