Biden Orders Ban on 59 Chinese Defense and Tech Firms

Biden Orders Ban on 59 Chinese Defense and Tech Firms
President Joe Biden, with Vice President Kamala Harris, speaks in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, on June 2, 2021. Mandel Ngan/AFP via Getty Images
Emel Akan
Updated:

WASHINGTON—President Joe Biden signed an executive order on June 3, amending a Trump-era ban that prohibits U.S. investors from investing in Chinese military companies. The new order expands the previous prohibition list by adding more Chinese defense and surveillance technology firms.

The order also moves the authority of selecting targeted companies to the Treasury Department from the Defense Department.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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