Despite sanctions US tech companies are continuing to do business in China

This appeared in The Millennial Source

Despite signs that frosty US-China relations will continue into a Biden administration, some US tech companies are expanding their operations in the country.

Even as his presidency draws to a close, President Donald Trump has seized the opportunity to intensify sanctions on China’s economy and certain targeted industries.

Chinese companies with alleged links to China’s military as well as Chinese officials connected to Hong Kong’s controversial national security law have all faced additional sanctions and blacklisting in recent weeks.

More generally, the escalation of sanctions has generated huge amounts of uncertainty for those Chinese companies under fire, such as tech giant Huawei Technologies Co., Ltd.

Despite this and signs that frosty US-China relations will continue into a Biden administration, some tech companies in the United States are expanding their operations in the country.

In particular, electric vehicle giant Tesla, Inc. has continued to expand its operations in the country, seeking a larger share of what is the world’s largest market for electric vehicles — China. As recent figures show, this market is only growing larger.