US President Joe Biden banned US entities from investing in 59 more Chinese companies with alleged ties to the defence or surveillance technology sectors via an executive order, reports Reuters.
The order widens the scope of an order put in place during the Trump administration.
The new banned list, enforced and updated by the Treasury Department, will be maintained on a 'rolling basis'. The list bars buying or selling publicly traded securities in target companies, and replaces an earlier list from the Department of Defence, officials told Reuters.
The order prevents US investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programmes, President Biden said in the order.
SeaNews Turkey
The order widens the scope of an order put in place during the Trump administration.
The new banned list, enforced and updated by the Treasury Department, will be maintained on a 'rolling basis'. The list bars buying or selling publicly traded securities in target companies, and replaces an earlier list from the Department of Defence, officials told Reuters.
The order prevents US investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programmes, President Biden said in the order.
SeaNews Turkey