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US expands ban on investment in Chinese companies

2 hours ago The US government expanded the ban on Americans investing in Chinese companies with purported ties to China’s military to cover companies in the surveillance technology sector, an executive order stated. The blacklist now includes 59 Chinese companies, up from the 48 banned by the previous administration last November. The new sanctions go into effect on August 2 and Americans already invested in the blacklisted firms, either directly or through other funds, must divest themselves within a year. The US government has also indicated that additional companies may be added to the list in the coming months. Aimed at surveillance technology firms

President Joe Biden is expanding Trump s ban on US investments in some Chinese companies, like those whose surveillance tech is used against Uyghur Muslims

President Joe Biden is expanding Trump s ban on US investments in some Chinese companies, like those whose surveillance tech is used against Uyghur Muslims insider@insider.com (Katie Canales) Biden increased the number of banned Chinese firms, expanding a November Trump order. The list of Chinese companies that Americans are prohibited from investing in includes Huawei. The tech giant reportedly tested software that could identify Uyghur Muslims and alert them to authorities. President Joe Biden signed an executive order on Thursday increasing the number of Chinese companies in which Americans are prohibited from investing. It expands on former President Donald Trump s November order that banned investment in an initial group of Chinese companies whose surveillance technology was used by the government. The new order specifically zeroes in on technology used against the Uyghur Muslim minority and Hong Kong protesters.

Байден запретил американцам инвестировать в 59 китайских компаний

Байден запретил американцам инвестировать в 59 китайских компаний
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