Biden Bars US Investment in 59 Chinese Companies Allegedly Ties to Military-Surveillance
Joe Biden executed an order to bar U.S. investments in 59 Chinese companies with alleged ties to the country’s military and surveillance.
The U.S. President Joe Biden executed an order to expand the restriction on American investments in 59 Chinese companies with alleged ties to the country’s military and surveillance efforts starting August 2, 2021.
Among the 59 companies are Chinese Aero Engine Corp., Aerosun Corp., Fujian Torch Electron Technology and Huawei Technologies.
Biden has been taking a tough stance against China, continuing the former President Donald Trump orders in blocking trade with China over alleged military ties and human rights, especially on Uigurs in Xinjiang.
