Reuters goes in-depth on how more Chinese firms could fall under Biden’s broader investment ban

by DailyBriefers
0 comment

Business & Finance

Reuters provided an in-depth analysis of President Joe Biden’s order last week banning U.S. investment in certain Chinese companies, detailing how it is broader than a similar one signed by his predecessor Donald Trump and has a lower bar, making it easier to add more companies later. Legal experts say it also may help the administration avoid embarrassing defeats in court after a ban imposed near the end of the Trump administration failed to hold up against legal challenges. Biden’s order will prohibit U.S. investments in about 60 companies in China’s defense or surveillance technology sectors.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: AsiaNorth America

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

You may also like

Leave a Comment