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US likely to keep China investment ban
BLACKLIST: Joe Biden’s administration appears to favor maintaining the previous administration’s prohibitions on investments in companies linked to the Chinese military
Bloomberg
US President Joe Biden’s administration is likely to maintain pressure on China by preserving limits on US investments in certain Chinese companies imposed under former US president Donald Trump, six people familiar with the matter said, bucking entreaties from analysts to ease the restrictions.
Biden officials are still in preliminary discussions about Trump’s investment bans on companies linked to China’s military, which included three of the nation’s biggest telecommunications firms, the people said.
BeijingChinaUnited-statesSouth-china-seaBrunei-generalBruneiChineseAmericansAmericanMarco-rubioMorrison-forresterDonald-trumpby Tyler Durden
Thursday, May 06, 2021 - 02:37 PM
For the past few months, one of the reasons why investors had bid up some of the Chinese mega caps is the hope that Joe Biden would undo some of the various investment bans rolled out by the Trump administration as part of ongoing trade war between the US and China. Well, that particular thesis just got hammered after a Bloomberg report that despite Biden's (both Joe and Hunter) notoriously close ties to Beijing, his administration is "likely to maintain pressure on China by preserving limits on U.S. investments in certain Chinese companies imposed under former President Donald Trump" bucking attempts from Wall Street to ease the restrictions.
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Bloomberg 4 days ago Eric Martin and Jenny Leonard © Bloomberg The flag of China is flown behind a pair of surveillance cameras outside the Central Government Offices in Hong Kong, China, on Tuesday, July 7, 2020. Hong Kong leader Carrie Lam defended national security legislation imposed on the city by China last week, hours after her government asserted broad new police powers, including warrant-less searches, online surveillance and property seizures.
(Bloomberg) -- The U.S. Commerce Department issued subpoenas for multiple Chinese communications providers as part of a review into potential national-security risks.
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