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Biden expands Trump’s list of undesirable companies

US President Joe Biden continues his predecessor’s sanctions against undesirable Chinese companies – and tightens them even more. He issued an administrative directive imposing restrictions on equity investments in companies he suspects of having ties to the Chinese security apparatus. The blacklist (Entity List) now comprises 59 companies. Among them are telecommunications equipment maker Huawei and Hikvision, a provider of surveillance cameras. The new order will take effect on Aug. 2. Trump’s original decree affected only 31 companies.

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