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Lawmakers ask Pentagon to consider barring US investments in China's Quectel
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WASHINGTON (Reuters) — The top Republican and Democrat on the House China committee on Thursday asked the Biden administration to consider adding China's Quectel Wireless to a list of Chinese military companies.
Inclusion on the Pentagon and Treasury lists would bar U.S. entities from buying or selling publicly traded securities in target companies.
Representative Mike Gallagher, the committee chair, and Raja Krishnamoorthi earlier raised security concerns about Quectel and another Chinese firm, saying U.S. medical equipment, vehicles and farm equipment could be potentially accessed and controlled remotely from China if they use Chinese-made cellular modules.
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