Biden expands US investment ban on Chinese military firms

by Jon Grevatt

US President Joe Biden has expanded a previously introduced ban on American investments in Chinese companies deemed by the US government to have links with the People's Liberation Army (PLA).

In an executive order (EO) issued by the White House on 3 June, Biden banned US investments in 59 Chinese firms, extending the scope of the prohibition to include Chinese companies involved in developing surveillance technologies.

The ban was originally introduced by the Trump administration in November 2020 under EO 13959. The ban initially featured a list of about 30 firms but was subsequently extended to more than 40.

https://www.janes.com/defence-news/news-detail/biden-expands-us-investment-ban-on-chinese-military-firms_18116

US President Joe Biden has expanded a previously introduced ban on American investments in Chinese c...

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