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Joe Biden nearly doubles list of Chinese firms off limits for US investors
An executive order issued late Thursday says it aims to solidify and strengthen an order signed last year by his predecessor Donald Trump by strengthening controls on investments in Chinese companies that the US says are linked to defense and surveillance
Associated Press | June 4, 2021 | Updated 15:47 IST
US President Joe Biden
President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to US investors in the latest sign he is not softening Washington s stance toward Beijing. An executive order issued late Thursday says it aims to solidify and strengthen an order signed last year by his predecessor Donald Trump by strengthening controls on investments in Chinese companies that the US says are linked to defense and surveillance.
Joe Biden Bans Investment in Dozens of Chinese Firms
Chinese investors shrugged off the list, with most of the stocks named, including newly-added ones, making gains on Friday morning.
FILE PHOTO: U.S. President Joe Biden delivers remarks on the U.S. economy in the East Room at the White House in Washington, U.S., May 10, 2021. REUTERS/Kevin Lamarque/File Photo
World4 hours ago
Washington: President Joe Biden signed an executive order on Thursday that bans US entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order.