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Biden proposed to limit China's participation in world trade


六月, 07 2021
watermark Economic news

US President Joe Biden said China should not be involved in the development of global trade and technology rules. In his interview, Biden noted that the United States and Europe need to work in close coordination on global challenges and issues, without the involvement of China or anyone else.


The head of the White House also emphasized that the world's major democracies may well offer a high-standard alternative to China for upgrading physical, digital and healthcare infrastructure.


Last Thursday, Biden signed a decree prohibiting Americans from buying shares in 59 Chinese companies that Washington estimates are linked to the PRC's defense sector (including China's aviation and space sectors). The ban will take effect on August 2.


The list of banned companies of the US Treasury includes such large corporations as the China State Military Industrial Company (CASIC), China Aerospace Science and Technology Corporation (CASC), Beijing and Hong Kong divisions of China Mobile, China National Nuclear Corporation CNNC and China National Offshore Oil Corporation. (CNOOC), China Railway Construction Company (CRCC) and a number of shipbuilding companies, SMIC semiconductor company, Huawei and a number of other enterprises.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。