The U.S. unveiled a set of visa and export restrictions targeting Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea, a new challenge to China involving the strategic waters. Wednesday’s actions by the State and Commerce departments apply to a range of state-owned enterprises, including units of China Communications Construction Co., a leading contractor for Chinese leader Xi Jinping’s Belt and Road initiative to develop infrastructure and...

Source: Wall Street Journal August 26, 2020 12:57 UTC