CNBC: Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance
* President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts.
* Biden barred U.S. investors from financial interests in 59 Chinese companies, continuing some portions of the tough tact former President Donald Trump took with Beijing.
* Among the 59 companies barred are Aero Engine Corp. of China, Aerosun Corp., Fujian Torch Electron Technology and Huawei Technologies.
* The prohibitions take effect at 12:01 a.m. ET on Aug. 2.
President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist.
In an executive order, Biden barred U.S. investors from financial interests in 59 Chinese companies over fears of their links to the Chinese government’s geopolitical ambitions, continuing some portions of the tough tact former President Donald Trump took in discussions with Beijing.
Read more ....
WNU Editor: China has responded to this ban .... China urges U.S. to withdraw sanctions on 59 Chinese companies (CGTN). Also see video below.
This is laughable. China is now threatening law suits .... Biden expands crackdown on Chinese high-tech firms, but lawsuits prepare to challenge Washington: expert (Global Times).
More News On President Biden Adding 59 Chinese Companies To An Investment Blacklist
Biden nearly doubles number of Chinese companies U.S. investors can't buy stock in -- CBS/AP
Biden expands Trump's list of Chinese companies banned from US investment -- CNN
Biden order bans investment in dozens of Chinese defense, tech firms -- Reuters
Joe Biden expands investment ban on blacklisted Chinese tech companies -- SCMP
US President Joe Biden expands blacklist of Chinese firms -- DW
Biden broadens Trump policy restricting investment in Chinese firms -- Politico
US releases list of 59 banned Chinese defense and tech companies -- Nikkei Asia
Biden adds 59 Chinese companies – including Huawei and military firms – to investment blacklist -- RT
Factbox: U.S. Treasury updates list of Chinese entities hit by investment ban -- Reuters
2 comments:
Outwardly its an encouraging sign. But let's see if these sanctions have any actual teeth.
From the muted/weak Chinese response, I need proof that this isn't just for US domestic consumption.
KABUKI?,
R,
WNU, keep laughing.
Post a Comment