companies, or purchase from the United States and there would not be 'a significant impact on the company’s business.' Xinjiang Daqo New Energy Co responded Reuters' request for comment with an email saying the company has 'zero tolerance' towards forced labour, and that it does not sell directly to U.S. Hoshine Silicon Industry said on an interactive investor platform that it backed the Chinese foreign ministry's reaction, adding that the firm does not export industrial silicon to the United States directly and the impact on its business would be limited. The Commerce Department said the companies and a paramilitary force, XPCC, 'have been implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uyghurs, Kazakhs, and other members of Muslim minority groups in' Xinjiang.Īt least some of the companies listed by the Commerce Department are major manufacturers of monocrystalline silicon and polysilicon that are used in solar panel production. economic blacklist include Xinjiang Daqo New Energy Co, a unit of Daqo New Energy Corp (DQ.N) Xinjiang East Hope Nonferrous Metals Co, a subsidiary of Shanghai-based manufacturing giant East Hope Group and Xinjiang GCL New Energy Material Co, part of GCL New Energy Holdings Ltd (0451.HK).

The three other companies added to the U.S. Beijing has dismissed accusations of genocide and forced labor in Xinjiang as lies. Reacting on Thursday, China's foreign ministry spokesman Zhao Lijian said China will take 'all necessary measures' to protect its companies' rights and interests. Commerce Department separately restricted exports to Hoshine, three other Chinese companies and the paramilitary Xinjiang Production and Construction Corps (XPCC), saying they were involved with the forced labor of Uyghurs and other Muslim minority groups in Xinjiang. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co (603260.SS) over forced labor allegations, two sources briefed on the matter said. June 23 (Reuters) - The Biden administration on Wednesday ordered a ban on U.S.

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