US delays China investment ban as Biden team aims to clarify policy scope

Source: South China Morning PostThe Joe Biden administration extended the deadline to ban American investors from certain Chinese companies by two weeks as his team tries to clarify the scope of policies made under the Trump administration.In an announcement on Tuesday, the Treasury Department said US investors were allowed to trade securities in subsidiaries of Chinese companies that were on a blacklist until June 11.An executive order former president Donald Trump signed on November 12 prohibited US investment in companies…Read More

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