Chinese president Xi Jinping in the Great Hall of the People in Beijing, China, March 10, 2021 (Carlos Garcia Rawlins/Reuters ) The Treasury Department is defending Biden’s move, but it may end up helping a Chinese company in Beijing’s efforts at Uyghur suppression.
The White House’s announcement of a new executive order to combat Chinese companies with ties to Beijing’s military-industrial base and repressive surveillance tactics was met with praise for continuing and refining a commendable Trump-era policy.
On June 3, President Biden issued an order to address the threat from investments that finance certain Chinese firms, ostensibly expanding his predecessor’s Chinese military-company investment ban and moving responsibility for designations of these companies from the Pentagon to the Treasury Department. “President Biden also expanded the scope of this national emergency by finding that the use of Chinese surveillance technology outside the PRC, as well as the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuses, constitute unusual and extraordinary threats,” the White House added in its statement on the move. It announced the 59 Chinese firms that would immediately be targeted under the order, which implements a similar