Biden Administration <br />Expands Blacklist of <br />Chinese Companies.<br />The 'Wall Street Journal' reports that President <br />Joe Biden expanded a prohibition on Americans <br />investing in Chinese companies.<br />adding more businesses to a blacklist <br />that has angered Beijing and caused <br />distress among investors.<br />On Thursday, Biden signed <br />an executive order which <br />brings the total number <br />of Chinese companies <br />banned from receiving <br />American investment to 59. .<br />According to the 'WSJ,' the order shows <br />the Biden administration's willingness to <br />continue some of former President Trump's hard-line policies on China.<br />Many of the companies added <br />to the list are associated with <br />major state-owned companies <br />and other businesses named <br />on the earlier blacklist. .<br />Multiple companies tied to the state-owned Aviation Industry Corporation of China...<br />...and two financing affiliates <br />of Huawei Technologies <br />were reportedly among <br />those added to the list. .<br />The order comes as the Biden administration <br />conducts a broad review of its China policy.<br />which reportedly includes what <br />to do with tariffs and other <br />trade measures put in place <br />by former President Trump.
