Biden blacklisted 59 Chinese companies

News

Biden blacklisted 59 Chinese companies

09.06.2021 News

U.S. President Joe Biden on Thursday signed a decree banning Washington from investing in 60 Chinese companies that the White House says are undermining U.S. security.

“This executive order allows the United States to ban investments in Chinese companies that undermine the security or democratic values ​​of the United States and our allies,” the document said.

The ban comes into force on August 2, 2021.

59 Chinese companies were blacklisted. Among them – one of the world’s largest telecommunications companies Huawei Technologies Co., Ltd, microelectronics company Semiconductor Manufacturing International Corporation (SMIC), aircraft manufacturer Aviation Industry Corporation of China (AVIC), telecommunications companies China Mobile Communications Group Co., Ltd., China Telecommunications Corporation, China United Network Communications Group Co., Ltd., China Railway Construction Corporation (CRCC) and others.

It is noted that this decree “will prohibit anyone from the United States to participate in the sale or purchase of any shares sold on the stock exchange.”

“This executive decree prevents US investment from supporting China’s defense sector, and expands the US government’s ability to respond to threats from Chinese surveillance technology companies that facilitate surveillance, both in China and abroad, of ethnic minorities or any otherwise contribute to repression and serious human rights abuses, “the White House said.

According to the White House, the decree is designed to help “further respond to the emergency declared on November 12, 2020 in connection with the threat posed by the military-industrial complex of China.”

The “black list” is one of the measures taken by the administration of US President Donald Trump against Chinese companies.

Other articles

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

  • The president promises industrial reform in 10 years
    News

    The president promises industrial reform in 10 years

    It takes at least 10 years to reform Ukrainian industry. President Volodymyr Zelensky stated this during the Ukraine 30 forum. “Modernization of industry, which has not taken place in Ukraine so far, will take place this time. We are talking about modernization of large industry, any, not just TPP. But do not believe those who […]

  • The media has learned that American billionaires pay meager taxes
    News

    The media has learned that American billionaires pay meager taxes

    In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]

  • Biden overturned Trump’s decree banning TikTok
    News

    Biden overturned Trump’s decree banning TikTok

    US President Joe Biden on Wednesday, June 9, signed a decree lifting restrictions against Chinese services TikTok and WeChat, imposed by former President Donald Trump. The press service of the White House reports. This is a decree of August 2020 on restrictions against the Chinese companies ByteDance and Tencent, which own the video service TikTok […]

  • Zoom projected revenue for 2021 at about $ 4 billion
    News

    Zoom projected revenue for 2021 at about $ 4 billion

    The company, which was boosted by the coronavirus pandemic, continues to grow customers despite declining video conferencing. From February to April, 497 thousand organizations bought the premium version of Zoom, which is almost 30 thousand more than in the period from November to January. Although these data suggest a slowdown in customer growth, as from […]

  • Virgin Galactic has announced a research flight
    News

    Virgin Galactic has announced a research flight

    Richard Branson’s aerospace company Virgin Galactic has announced a contract for a special research flight by Kelly Gerard, a member of the International Space Institute (IIAS). The astronaut will conduct experiments and test new health technologies while in space. The company’s shares in the premarket rose 7.61% to $ 33.5. “Much of our mission is […]

Read also

Biden blacklisted 59 Chinese companies
News

The Agri Eye Ukrainian agro startup raised investments in the amount of $ 150,000

The Co-owner of the EasyPay Group companies has invested $ 150,000 in the startup Agri Eye, which develops innovative solutions for the agricultural sector. Startuppers  will send received  funds for the scaling of the team, the perfection of the technology and testing of the technology hypotheses that lie at the basis of the product. Under […]

Next
Biden blacklisted 59 Chinese companies
News

PayPal has expanded its cryptocurrency service to all US users

PayPal Holdings has fulfilled its promise made last month by making its PayPal Cryptocurrency application available to all registered users in the United States. On October 21, the service was launched in test mode for a limited number of users. Commenting on the November 2 financial report, PayPal CEO Dan Shulman said that only 10% […]

Next
Biden blacklisted 59 Chinese companies
News

The largest producer of chicken meat received $8 million losses

As Interfax-Ukraine reported, Mironivsky Hliboproduct Agricultural holding   finished the third quarter 2016 with the net loss of $8 million against $24 million a net profit last year. Following the results of nine months the net profit of the company  is constituted $86 million The Mironivsky Hliboproduct Agricultural holding (MHA)  has received 8 million dollars […]

Next
Biden blacklisted 59 Chinese companies
News

The “pipe of Medvedchuk” has a new director

The National Agency for the Detection, Investigation and Management of Corrupt Assets (ARMA) has identified Ukrtransnafta as the winner of a tender to manage the seized part of the Samara-Western Direction main oil pipeline. It is noted that only two participants took part in the competition, as competition in this market is limited. “The winner […]

Next
Biden blacklisted 59 Chinese companies
News

Exceeding the limit of cash deal will be fined

The Ukrainians, who make financial transactions at a rate of more than 50 thousand UAH in cash, will be fined a minimum of 1700 UAH. Such a fact noted a practicing lawyer and human rights activist Arsen Marinushkin in his commentary for Gazeta.ua edition. In accordance with Article 163-15 of Ukrainian Codex of administrative delinquency […]

Next
Biden blacklisted 59 Chinese companies
News

Prosecutor General considers the case of historical Howard Theatre debts in Washington, DC

 Historic Howard Theatre, which is located in northwest Washington (DC), owed the government more than $ 260,000 over unpaid taxes. Several years ago, the theater had a reconstruction, which cost the sum of $ 29 million. After the reconstruction of the theater, it was opened to the public in 2012. Officials say that the theater […]

Next
Biden blacklisted 59 Chinese companies
News

Germany will spend billions of euros on 62 hydrogen projects

The German authorities have chosen 62 large hydrogen projects that will receive state funding of 8 billion euros under the European Union’s IPCEI program (important projects of common European interest). The Ministry of Economy and Energy of Germany announced this the day before with reference to the head of the department Peter Altmeier. “We want […]

Next
Biden blacklisted 59 Chinese companies
News

Zoom received an annual income for three months

Shares of Zoom Video Communications, the developer of the cloud platform for video conferencing – soared by 25.5% after the close of the main trading session on August 31, to $ 408. Investors’ attention was drawn to the reports of companies for the second quarter of the current financial year (ended July 31). In three […]

Next
Biden blacklisted 59 Chinese companies
News

Kiev bank intends to sue with the Creative of the $ 15 million debt

Kyiv bank “Piraeus Bank ICB” asks the Commercial Court of Kirovograd region to recover from the “Creative”company, which entering into the “Creative Group”, $ 15,629,000 of the loan debt,  – reports the “ProAgro”. This is stated in the bench ruling of the court from January 27, 2016. “Piraeus Bank ICB” filed a lawsuit to recover […]

Next
Biden blacklisted 59 Chinese companies
News

PepsiCo fully recovered from the crisis in the 3rd quarter

The company PepsiCo announced the best results of its third quarter, which ended on September 5. Shares of the PepsiCo have fully recovered after the falling in February and March due to the coronavirus pandemic and show the increase of 1.4% since the beginning of the year and 17.34% over the past 6 months. Shares […]

Next
Biden blacklisted 59 Chinese companies
News

Zoom has launched a $ 100 million investment fund

The video conferencing service Zoom has announced the creation of its venture fund Zoom Apps Fund, its volume will be $ 100 million, this is stated in a press release from the company. Startups in the fund’s portfolio will receive from $ 250,000 to $ 2.5 million. In this way, the company wants to motivate […]

Next
Biden blacklisted 59 Chinese companies
News

The “IMC” Agricultural holding will build a dairy farm in the Chernigiv region

The  “Industrial Milk Company” Agricultural holding (IMC, Kiev) plans to build a dairy farm for 700 heads in the Repkinsky district of the Chernigiv region until 2018. This was announced by the  CEO of the company Alex Lissitsa. According to him, the company intends to modernize the dairy complex in the Repkinsky district in the […]

Next
Biden blacklisted 59 Chinese companies
News

Gucci to donate half a million dollars to UNICEF for vaccination against COVID-19

The most popular fashion brand Gucci will donate about $ 500,000 for the purchase and distribution of a new type of coronavirus vaccine among vulnerable people around the world. It is noted that the funds will be transferred to UNICEF, which supports the WHO initiative on mass vaccination COVAX and the GAVI group. “Global equitable […]

Next
Biden blacklisted 59 Chinese companies
News

Allseeds contests in court the decision of the Odessa Regional State Administration

Allseeds Group of companies, contests in court decisions of the Odessa Regional State Administration and the Vizirskyi  village council (Odessa region) about  the allocation of lands for berths of “Energy Products Co., Ltd.” (Odessa) in the”South”  Port, – it is reported by “Interfax-Ukraine”. “We were asking the Odessa regional administration and local authorities to allow […]

Next
Biden blacklisted 59 Chinese companies
News

Coca-Cola sells the manufacturer of “Yarilo” kvass

The Antimonopoly Committee gave the permission to the Nova Trade LTD Baileys company for the  acquisition of more than 50% stake of the company “Kvass Beverages”, which is the part of the Coca-Cola Company Group. This is said in a statement of the regulator. The “Kvass Beverages”Company from Zaporizhzhya  produces kvass of live fermentation under  “Yarilo” […]

Next
Biden blacklisted 59 Chinese companies
News

The court arrested the “Fozzy-Food” accounts, because of the underestimation of VAT

The Solomensky District Court of Kiev had arrested the “Fozzy-Food” accounts (Vishneve, Kyiv region) due to the underreporting by the officials of the value added tax. This is stated in the definition of the Court of 18 May, says the Ukrainian News. The Solomenskiy District Court of Kyiv has received a request for the seizure […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com