Biden s China blacklist is about security and values
The US President expanded a blacklist of Chinese firms over their links to Beijing s military industrial complex, initiated by ex-president Trump. Senior German economist Gabriel Felbermayr says the move is no surprise.
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US President Joe Biden on Thursday expanded a blacklist of Chinese firms that are off-limits to American investors over their links to Beijing's "military-industrial complex," in a sign of Washington's continued pressure campaign against China.
WASHINGTON President Joe Biden signed an executive order on June 3, amending a Trump-era ban that prohibited American investors from investing in Chinese military companies. The new order expands the previous prohibition list by adding more Chinese defense and surveillance technology companies.