Biden extends ban on US investment in Chinese military-linked companies

 
INA-sources
 
US President Joe Biden has extended for a year the decree of his predecessor Donald Trump banning American investments in several Chinese companies that, according to Washington, are associated with the People’s Liberation Army (PLA), according to the statement of the American leader, released by the White House press service, Report informs.
 
“The PRC exploits United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses, which continues to allow the PRC to directly threaten the United States homeland and United States forces overseas,” reads the statement.
 
“In accordance with this provision, I have sent to the Federal Register for publication the enclosed notice stating that the national emergency with respect to the threat from securities investments that finance certain companies of the People’s Republic of China (PRC) that was declared in Executive Order 13959 of November 12, 2020, and expanded in scope in Executive Order 14032 of June 3, 2021, is to continue in effect beyond November 12, 2023.”
 
Source: News Agencies