The designation will allow the wider application of sanctions on the group's sprawling global network, which includes mercenary operations as well as businesses in Africa and elsewhere.
The United States and China have been locked in a tech rivalry for years, with each country vying for dominance in key technology sectors such as artificial intelligence (AI), 5G, and semiconductors.
The nation of 1.4 billion has seen birth rates plunge to record lows as its workforce ages, in a rapid decline that analysts warn could stymie economic growth and pile pressure on strained public coffers.
War in Ukraine is going on despite Russian leader Vladimir Putin unilaterally ordering his forces to pause attacks for 36 hours for the Orthodox Christmas.