Biden Bans Investment in Chinese Firms Linked to Surveillance
President Biden issued a new executive order on Thursday barring Americans from investing in Chinese firms linked to the country’s military or engaged in selling surveillance technology — both inside and outside of China — used to repress dissent or religious minorities.
The new order, which initially lists 59 Chinese firms, substantially expands an order issued in November by President Donald J. Trump. By rewriting that earlier order to include firms engaged in making and deploying the surveillance technology — used against Muslim minorities like the Uyghurs and dissidents in Hong Kong and in the Chinese diaspora around the globe — it intensifies a commercial and ideological battle between Beijing and Washington, one that Mr. Biden has termed the struggle between “autocracy and democracy.”
Source: Biden Bans Investment in Chinese Firms Linked to Surveillance