US President Joe Biden doubled the list of China’s companies whose shares are forbidden to acquire American investors. The blow was inflicted on the largest military-industrial and technological companies in the PRC, in the “black list”, including the Huawei electronics manufacturer, indicated on the website of the White House.
Washington has strengthened confrontation with Beijing, expanding the list of prohibited for investments of the PRC organizations from 31 to 59. So the current president of the United States continued the tactics of its predecessor of Donald Trump to strengthen controls for the help of Chinese companies that, according to the statements of the White House, are associated with defense or surcharge.
“The new decree is aimed at stopping the outflow of American investment to support Chinese companies that undermine the security or value of the United States and our allies,” the Joe Bayden document says.
Under the values that undermine the companies from the Forbidden List, Washington understands “surveillance for religious and ethnic minorities, repression and other serious human rights violations. Restrictions will come into force on August 2, 2021.
In the complementary list of unwanted organizations, in addition to the manufacturer of telecommunication equipment, Huawei Technologies turned out to be: Chinese State Military Industrial Company (CASIC), Chinese Aerospace Scientific and Technology Corporation (China Aerospace Science and Technology Corporation CASC)), National Nuclear National National Nuclear Corporation (CNNC) and National Banner Oil (CNOOC) CNR Corporation, International Semiconductor Production Company (Semiconductor Manufacturing International Corporation).
The opposition of the richest countries in the world of the United States and China lasts for several years. The main spheres of conflict of interest in April, the Pentagon called the rules of international order and the economy. At the same time, the US Defense is convinced that States should avoid military tensions.