Business & Finance

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

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
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