Biden expands Trump-era ban on investments in some Chinese companies

Biden expands Trump-era ban on investments in some Chinese companies


The original order, signed by President Donald Trump in November, applied to 31 Chinese companies that the administration said “enable the development and modernization” of China’s military and “directly threaten” US security.

Biden’s order expanded the scope of the ban to include 59 companies, citing the threat of Chinese surveillance technology. The order goes into effect on August 2.

Many of the country’s biggest telecommunications companies, including China Mobile, China Telecommunications and China Unicom, remain on the blacklist. Smartphone maker Huawei and Hikvision, a major…

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Biden expands Trump-era ban on investments in some Chinese companies

 

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