Sudden! The United States extended the ban on 59 Chinese enterprises, involving China and SMIC

According to media reports from Reuters and Taiwan media Central Committee, on Tuesday, November 9th, President Biden announced that the US government will continue to invest in the military related enterprises issued by trump China.
The Biden administration believes that China's military enterprises continue to pose an extraordinary major threat. Therefore, the Congress shall be notified before the expiration of the investment ban, and a notice shall be published in the federal proclamation to announce the extension of the investment ban on military related Chinese enterprises for one year.
Biden also wrote to Nancy pelosiy, speaker of the U.S. House of Representatives on Tuesday: "China is using more and more U.S. capital as resources to achieve the development and modernization of its military, intelligence and other security institutions, which may pose a threat to U.S. forces at home and abroad."
The announcement pointed out: "through military civilian integration, China has forced private companies to support its military and intelligence activities and expanded the scale of the national military industrial complex. Although these companies are ostensibly still private and civilian, they directly support China's military, intelligence and security institutions and help them develop and modernize."
Biden still maintained his policy of Chinese hawk faction after taking office. He issued a new administrative order in June 3rd to replace and amend the 13959th decree signed in November 2020 in the trump period.
Biden called for a long-term and strengthened framework to prevent us capital from promoting technology development in China to monitor or infringe human rights, and expand the trade blacklist of military enterprises in China, for example, from defense related materials or monitoring technology industries, from 48 in the age of trump to 59.
In addition to the original Huawei, SMIC international, China Telecom, China Mobile, China Unicom, Hikvision and other enterprises, the blacklist also includes more Chinese enterprises such as AVIC electric measuring instrument Co., Ltd. and Jiangxi Hongdu Aviation Industry Group.

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Keyword：Huawei   SMIC   China's military   Investment ban   U.S. President   Biden   China Telecom   China Mobile   China Unicom   Hikvision   AVIC Electronics Co., Ltd.   Jiangxi Hongdu Aviation Industry Group   Commax-Tech Electronic