China has announced progress in de-Americanizing sanctioned companies

Sanctioned Chinese companies, especially Huawei, have been able to make progress in de-Americanizing technology. This was stated on September 5 by the Dean of the Chongyang Financial Research Institute, Wen Wang, during the session "Global South and East: Who will lead the New Growth Economy" at the Eastern Economic Forum 2025 (WEF-25).

According to him, the US sanctions are one of the modern challenges. Currently, there are more than 1,000 companies from Russia and China under it, the expert added.

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