June 03, 2021

Biden signs order banning investment in dozens of Chinese defence and tech firms

Featuring Martijn Rasser

Source: The Straits Times

Journalist Charissa Yong

US President Joe Biden on Thursday (June 3) barred Americans from investing in dozens of Chinese companies in the defence sector or whose surveillance technology aids in serious human rights abuses, broadening a blacklist started by the Trump administration last year.

The move is aimed at ensuring that “US investments are not supporting Chinese companies that undermine the security or values of the United States and our allies”, the White House said in a fact sheet.

The order prevents American investment from supporting the Chinese defence sector while allowing the US government to better address “the threat of Chinese surveillance technology firms that contribute — both inside and outside China — to the surveillance of religious or ethnic minorities or otherwise facilitate repression and serious human rights abuses”, it added.

Read the full story and more from The Straits Times.

Authors

  • Martijn Rasser

    Senior Fellow, Technology and National Security Program

    Martijn Rasser is a Senior Fellow in the Technology and National Security Program at the Center for a New American Security (CNAS). Prior to joining CNAS, Mr. Rasser served as...