ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
US-China tensions

Biden move on China investment blacklist draws fire in Washington

U.S. politicians demand divestment, not just trading ban

U.S. Senator Marco Rubio of Florida criticized the decision to let American investors hold on to shares of blacklisted companies. 

NEW YORK -- U.S. politicians have expressed outrage about a Biden administration move to quietly tell American investors they can hold on to shares of Chinese companies on an investment blacklist for military links, as reported by Nikkei Asia.

"What is the point of a required divestment period if it doesn't actually require divestment?" Republican Senator Marco Rubio said to Nikkei. "Once again, the Biden administration has watered down and weakened critical national tools to take on the Chinese Communist Party."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more