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Biden widens list of Chinese firms off-limits for investment

June 4, 2021


China vehemently objected Friday to U.S. President Joe Biden’s expansion of a list of Chinese companies whose shares are off-limits to American investors because of their purported links to the Chinese military and surveillance.

The White House issued the update late Thursday to an order signed last year by Biden’s predecessor, Donald Trump, that added to antagonisms over trade and technology.

Chinese Foreign Ministry spokesperson Wang Wenbin urged Washington to withdraw the order and “provide Chinese enterprises with a fair and non-discriminatory business and investment environment.”

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