Biden has announced that he will extend an executive order banning investment in more than 50 Chinese companies, including telecommunications equipment giant Huawei, for a year, saying it threatens US security.
US President Joe Biden announced on the 9th that he will extend the measures associated with the presidential decree banning investment in certain Chinese companies for one year.
The target Chinese companies are more than 50, including Huawei, a major telecommunications equipment company, China Mobile, a major telecommunications equipment company, and Chinese state-owned enterprises responsible for the development of weapons and space.
"China is expanding its military-industrial complex while encouraging businesses to support military and espionage, which poses a tremendous threat to U.S. security," Biden said. ..
The executive order was signed by former President Trump last November, and President Biden also added to companies in June that allegedly developed surveillance technology for human rights violations by the Chinese government. ..
It seems that the aim is to prevent investment from the United States from strengthening the Chinese army, and the Biden administration, which positions China as the "largest competitor", has shown a stance of increasing pressure.