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Biden Expands Trump’s Investment Ban on Chinese Firms
President Joe Biden’s latest executive order has expanded a ban on investing in Chinese companies with alleged links to defense or surveillance technology sectors that was introduced by former president Donald Trump. The Trump administration issued an executive order on November 12, 2020, barring US entities from investing in a clutch of PRC companies including smartphone-maker Huawei, China Telecommunications Corp., China Unicom Ltd., and China Mobile Communications Group Co. On Thursday, Biden signed an order blocking Americans from investing…
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