Global

China urges US to withdraw funding ban



US President Joe Biden.(MANDEL NGAN / AFP)

China stated on Friday that it strongly condemned US President Joe Biden’s signing of an order to ban funding in dozens of Chinese language protection and tech companies.

China urged america to respect market legislation and precept and withdraw the funding ban listing, international ministry spokesman Wang Wenbin instructed a daily information briefing.

Biden signed an government order on Thursday that bans US entities from investing in dozens of Chinese language corporations with alleged ties to protection or surveillance expertise sectors, a transfer his administration says expands the scope of a legally flawed Trump-era order.


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