Biden delays part of ban on investments in military-tied Chinese companies
The Biden administration has delayed part of the ban on U.S. investments in companies with alleged ties to the Chinese military enacted by its predecessor. On Jan. 27, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued “General License 1A” postponing the ban for investing in companies with similar names to the blacklisted Chinese companies from Jan. 28 to May 27.
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