Home FEATURED US Authorities bans funding in Huawei and 58 different Chinese language corporations

US Authorities bans funding in Huawei and 58 different Chinese language corporations

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Within the newest episode of the US-China geopolitical showdown, President Joe Biden is imposing a brand new government order that bans funding in 59 Chinese language corporations together with Huawei efficient from August 2. The brand new resolution prevents US investments in Chinese language corporations with suspected ties to the Chinese language Communist Occasion.

Becoming a member of Huawei on the listing is chip maker SMIC, telecom operator China Cellular, video surveillance firm Hikvision, and a plethora of Chinese language protection sector corporations. A senior US official confirmed that extra Chinese language corporations will doubtless be added to the listing within the months…

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