Biden Renews Authority to Ban Investments in Chinese Military Companies
President Joe Biden this week extended a national emergency that authorizes a ban on U.S. investments in Chinese military companies. The ban was first issued during the Trump administration and later expanded by Biden last year by widening the scope…
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of the restrictions to cover companies operating in China’s surveillance technology sector (see 2106030067). "The threat from securities investments that finance certain" Chinese companies and "certain uses and development of Chinese surveillance technology continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States," the White House said. The national emergency was extended for one year beyond Nov. 12.