Biden order bans investment in dozens of Chinese defense and tech firms

Published by
Reuters

By Michael Martina and Karen Freifeld WASHINGTON (Reuters) -President Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defense or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order. The Treasury Department will enforce and update on a “rolling basis” the new list of about 59 companies, which bars buying or selling publicly traded securities in target companies, and replaces an earlier list from the Department of Defense, senior administrat…

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