Joe Biden intends to this week overhaul a list of Chinese firms that US investors are allowed to own shares in, as the president re-evaluates the world powers’ post-Trump relationship while maintaining pressure on Beijing.

President Joe Biden, joined by First Lady Jill Biden, signs the Month of the Military Child Proclamation Wednesday, March 31, 2021, in the Library of the White House. Photo: Adam Schultz/White House via Flickr.

Donald Trump prohibited Americans from buying stakes in 31 Chinese companies that were deemed to be supplying or supporting China’s military and security apparatus.

The list included major telecoms, construction and technology firms such as China Mobile, China Telecom, video surveillance firm Hikvision, and China Railway Construction Corp.



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