President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to U.S. investors in the latest sign he is not softening Washington's stance toward Beijing.
WASHINGTON: President Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order.
The intension is to ensure that US investments are not supporting Chinese companies that undermine the security or values of the United States and our allies, the order says.