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Analysis: More Chinese firms could fall under Biden’s broader investment ban

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President Joe Biden's order last week banning U.S. investment in certain Chinese companies 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.

U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China's yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration

"It's broader in scope and it's a much lower standard for listing," said Washington lawyer Kevin Wolf, a former Commerce Department official, adding it should better withstand legal scrutiny. The revised order eliminates the requirement for a direct link to the Chinese state, using the more vague language that a company must "operate in" the defense or surveillance sectors.

The judge halted Xiaomi's designation in March citing a lack of evidence it was affiliated with the PLA or PRC, and calling its listing "arbitrary and capricious."

 

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Chinese Billionaire buys 200 square miles in Texas, (130,000) acres near Ft. Hood, says putting in a wind farm, and needs huge airbase for Cargo Aircraft... Don't take my word for it, Google it!!

and PuertoRico still is waiting for all 🇺🇸 pharmaceuticals that are in China and were to be relocate it. No one should forget 🇵🇷 IS USA🇺🇸

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Hey guys I made a video for youtube, can you let me know what you think

And the free market? What happened with that?

Sen_JoeManchin is upholding white supremacy and racism. KrystenSinema is a republican and supports white supremacy and racism. HarrisonJaime the Democrats must stop funding Manchin & Sinema projects or America will stop donations to democrats.

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