President Biden signed an executive order banning US investment in 59 Chinese firms for alleged ties to China’s military and surveillance efforts, expanding an earlier executive order issued in November 2020 under President Trump. The updated blacklist includes telecom-giant Huawei and takes effect on August 2.
Extra: Here’s a fact-sheet on the order from the White House.
The New Paper
This story is from the June 4, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.