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Saturday, June 19, 2021

Biden to ban securities trading in 59 companies like to Chinese military

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Reports citing senior administration officials

  • New Treasury black list will replace existing lists about companies with ties to Chinese military
  • New order is part of a broader series of steps by Biden admin to counter China
  • List will be updated on a rolling basis

Hopes for a reset in international relations under Biden are dead. Politically, Biden doesn’t have the will to be seen as weak on China. At best, relations will stay at a standstill.

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