New US ban on Chinese tech firms unlikely to have long-term impact: analysts

Beijing

THE new ban announced by US President Donald Trump last week on 28 Chinese technology firms could impact the companies in the short term, with long-term effects mitigated as many of these firms have little involvement in the US market, analysts said.

Last Monday, the Trump administration added 28 Chinese firms to a US blacklist over concerns about their role in human rights violations, effectively blocking those entities from buying American products.

Among the affected are China's most powerful unicorns including SenseTime and Hikvision, which supplie…