Biden’s Blacklist Offers an Olive Branch to Beijing
Clarity and stability on the investment ban amount to a small peace offering from Washington, but may not satisfy China.
Biden allows Chinese and U.S. investors to know better where they stand.
Photographer: Win McNamee/Getty Images North AmericaPresident Joe Biden’s blacklist on investment in Chinese companies offers the kind of compromise that could help steady relations, though it likely won’t be enough to inspire Beijing to reciprocate and cool tensions.
In releasing an update Thursday to his predecessor’s Executive Order 13959, Biden held the same line enunciated by Donald Trump in “addressing the threat from securities investments that finance certain companies of the People’s Republic of China.” He added two new affiliates of aerospace conglomerate Aviation Industry Corporation of China, one of the nation’s leading aerospace companies, to the investment ban. The final list totals 59.