Biden signs order to stop investment in Chinese defence & tech firms

  • On Thursday, President of the United States of America Joe Biden signed an executive order banning US companies from investing in Chinese Defence and surveillance technology firms.

  • No company shall be allowed to invest in defence and tech firms in China.

  • Due to this decision, a total of 59 Chinese companies will be adversely impacted.

  • "In addition, I find that the use of Chinese surveillance technology outside the People's Republic of China and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse constitute unusual and extraordinary threats," the US President said


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