3/9/2021 0 Comments Roll Back Consult 3
Landmark environmental measures were also among the other orders.The outgoing leader banned Americans from investing in and trading with Chinese companies, and sought to pull their stocks from local bourses.
The Biden administration was likely to review most of the bans, he said, and develop a strategic rationale for where to focus its efforts. For instance, theres no sign of Facebook being permitted to operate in the Chinese market anytime soon, nor Huawei in U.S. G networks, Weber said, but he expected many more companies, including chipmakers, to be allowed. The list includes not just companies but individuals, government organizations, and more, which the department considers threatening to U.S. That came despite the wider smartphone market expanding for the first time in a year. The list can be traced back to 2007, when the U.S. Department of Commerce issued export controls specifically for China and implemented a licensing system restricting products that could promote Chinas military modernization. A total of 59 Chinese companies have been included in the MEU list, including aerospace firms like SAIC and XAC. It also prohibits the companys securities from being traded on U.S. Xiaomi denied any military connection in a statement to the Hong Kong bourse. SMIC has repeatedly denied U.S.
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