Biden Administration Expands Blacklist of Chinese Companies

  • 3 years ago
Biden Administration
Expands Blacklist of
Chinese Companies.
The 'Wall Street Journal' reports that President
Joe Biden expanded a prohibition on Americans
investing in Chinese companies.
adding more businesses to a blacklist
that has angered Beijing and caused
distress among investors.
On Thursday, Biden signed
an executive order which
brings the total number
of Chinese companies
banned from receiving
American investment to 59. .
According to the 'WSJ,' the order shows
the Biden administration's willingness to
continue some of former President Trump's hard-line policies on China.
Many of the companies added
to the list are associated with
major state-owned companies
and other businesses named
on the earlier blacklist. .
Multiple companies tied to the state-owned Aviation Industry Corporation of China...
...and two financing affiliates
of Huawei Technologies
were reportedly among
those added to the list. .
The order comes as the Biden administration
conducts a broad review of its China policy.
which reportedly includes what
to do with tariffs and other
trade measures put in place
by former President Trump.

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