Joe Biden Bans Investment in Dozens of Chinese Firms
Chinese investors shrugged off the list, with most of the stocks named, including newly-added ones, making gains on Friday morning.
FILE PHOTO: U.S. President Joe Biden delivers remarks on the U.S. economy in the East Room at the White House in Washington, U.S., May 10, 2021. REUTERS/Kevin Lamarque/File Photo
World4 hours ago
Washington: President Joe Biden signed an executive order on Thursday that bans US entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order.