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.
Biden order bans investment in dozens of Chinese defense and tech firms netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
BEIJING: An American business group warned Tuesday that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less willing to invest. That is adding to anxiety over Beijing’s plan for a list of “unreliable entities” that might be punished for actions deemed to run counter to Chinese interests, the American Chamber of
Business group warns China boycotts spooking investors
May 11, 2021 GMT
A woman walks by an H&M clothing store at a shopping mall in Beijing on March 26, 2021. An American business group warned Tuesday, May 11, 2021 that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less willing to invest. Brands including Swedish retailer H&M, Adidas and Nike have been targeted by demands online for consumer boycotts. That came after state media criticized them for expressing concern about reports of possible forced labor by ethnic minorities in the Xinjiang region of China s northwest. (AP Photo/Mark Schiefelbein)
China s Boycotts Are Spooking Investors
Retailers like H&M, Adidas and Nike have been targeted for boycotts after they voiced concerns over Chinese labor issues.
May 11th, 2021
A woman walks by an H&M clothing store at a shopping mall in Beijing on March 26, 2021. An American business group warned Tuesday, May 11, 2021 that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less willing to invest. Brands including Swedish retailer H&M, Adidas and Nike have been targeted by demands online for consumer boycotts. That came after state media criticized them for expressing concern about reports of possible forced labor by ethnic minorities in the Xinjiang region of China s northwest.