Biden Renews Authority to Ban Investments in Chinese Military Companies
President Joe Biden extended a national emergency that authorizes a ban on U.S. investments in Chinese military companies, the White House said Nov. 9. The ban was first issued during the Trump administration and later expanded by Biden in June…
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by widening the scope of the restrictions to cover companies operating in China’s surveillance technology sector (see 2106030067). The White House said China continues to use civil-military fusion strategies to increase its military-industrial complex, which supports Chinese intelligence activities and threatens U.S. national security. The national emergency was extended to Nov. 12, 2022.