U-S-NEWS.COM - REAL NEWS for REAL PEOPLE
KING's of FAKE NEWS = CNN - CBS News - MSNBC News - ABC News - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD
WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. the earth IS round, but not like a pancake, more like a football - 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
Help your friends, family and the truth by sharing this page and articles. Amen and a-women
KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Tuesday, June 15, 2021
© 2021 U-S-NEWS.COM
Online Readers: 93
(3 just watching the pictures)
FILE PHOTO: Illustration picture showing U.S. dollar and China's yuan banknotes
Read it to me
Voiced by Amazon Polly

SCIENCE & TECH:
Analysis: More Chinese companies could fall under Biden’s broader investment ban


FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration

June 8, 2021

By Karen Freifeld

(Reuters) – President Joe Biden’s order last week banning U.S. investment in certain Chinese companies is broader than a similar one signed by his predecessor Donald Trump and has a lower bar, making it easier to add more companies later.

    Legal experts say it also may help the administration avoid embarrassing defeats in court after a ban imposed near the end of the Trump administration failed to hold up against legal challenges.

    Biden’s order will prohibit U.S. investments in about 60 companies in China’s defense or surveillance technology sectors.[L2N2NL1XR]

    “It’s broader in scope and it’s a much lower standard for listing,” said Washington lawyer Kevin Wolf, a former Commerce Department official, adding it should better withstand legal scrutiny.

The new order prohibits investments in companies that “operate in or have operated in” China’s defense or related materials sector, or in surveillance technology, or are owned or controlled by someone who does. Its aim is to limit the flow of money to companies that undermine U.S. security or “democratic values,” which allows listings for human rights abuses.

    The Trump ban was placed on Chinese military companies as defined years ago in the National Defense Authorization Act: companies owned or controlled by or “affiliated with” the People’s Liberation Army, a government ministry or the People’s Republic of China’s defense industrial base.

The revised order eliminates the requirement for a direct link to the Chinese state, using the more vague language that a company must “operate in” the defense or surveillance sectors.

The Trump order needed to be shored up after three companies went to court to challenge it. Two got their designations halted, and there’s been no ruling in the third case.

    “Courts are usually reluctant to overrule the president when he makes a national security determination,” said Bill Reinsch, a senior advisor at the Center for Strategic and International Studies (CSIS). “The fact that they did so suggests really poor drafting on the part of the Trump people and a poor defense of the decisions made.”

“ARBITRARY”

Beijing-based smartphone maker Xiaomi, which lost some $10 billion in market capitalization in the month after it was included on the list of banned firms, was the first to bring a case to try to expose flaws in Trump’s order. 

    The judge halted Xiaomi’s designation in March citing a lack of evidence it was affiliated with the PLA or PRC, and calling its listing “arbitrary and capricious.”

The government’s evidence included an award given to Xiaomi’s chairman, which more than 500 entrepreneurs had received since 2004, including the leaders of an infant formula company. It also cited Xiaomi’s investments in 5G and artificial intelligence technology, but the judge noted they are fast becoming standard for consumer devices, not just military modernization.

The judge also noted errors in the government’s decision memo, including incorrectly quoting the statute at issue, and said the government did not meet the definition of “affiliated with,” namely, “effectively controlled by another or associated with others under common ownership or control.”

Last month, the Biden administration agreed to remove the company from the list.

    Luokung Technology Corp, a mapping technology company, won a similar initial ruling.

Neither Xiaomi, nor Luokung nor Gowin Semiconductor, the third company that challenged its designation, are on the revised list.

Major Chinese firms included under both orders include China National Offshore Oil Corp (CNOOC), Hangzhou Hikvision Digital Technology Co Ltd, Huawei Technologies Ltd and Semiconductor Manufacturing International Corp.

    Hong Kong-based lawyer Wendy Wysong, who had been considering bringing cases over Trump’s order, said Biden’s listings appear to be on more solid ground.

“It may be harder to challenge the designation because the underlying rationale presumably won’t be so weak, and the designation criteria is not as narrowly worded,” said Wysong.

Many more companies could be affected by Biden’s order depending on “how aggressive the U.S. administration wants to be,” said CSIS’s Reinsch.

“In theory it could expand the universe rather significantly,” he said.

(Reporting by Karen Freifeld; Editing by Chris Sanders and Sonya Hepinstall)

Read Original – Click Here

Hmm. yes i understand the
question, you know it's been at least
15 years since I've been following the news, no 10 my folks do that, hmm. what was the question again !?
Excuse me, do you remember
where you read about this ?
Are you kidding !?
of course I can, it was here
on U-S-NEWS.COM
(Visited 1 times, 1 visits today)
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

HERE YOU GO
A PILL FOR YOU

REAL NEWS for REAL PEOPLE
Daily or Weekly

Find Donald Trump and all the others
how to navigate the left-wing Internet

Save videos from Youtube and other platforms
before they are deleted, with only 3 mouse clicks

HELP DRAIN the SWAMP

We have now seen how the left-wing cancel culture, with great help from our mainstream fake-news media hand in hand with Google, Youtube, Twitter, Amazon, Stripe and more, they are all trying to suppress conservative opinions. It's now the time for us to cancel or at least avoid using their so-called services.

But how to do that? It's easy, find out HERE

HELP DRAIN the SWAMP
AVOID THE USE OF TWITTER
FACEBOOK & YOUTUBE
IT'S EASY! FIND OUT HERE

WAKE UP!
Real News for Real People
PGlmcmFtZSBpZD0ibGJyeS1pZnJhbWUiIHdpZHRoPSIzNDAiIGhlaWdodD0iMTkxIiBzcmM9Imh0dHBzOi8vb2R5c2VlLmNvbS8kL2VtYmVkL0NsYXNzX0FjdGlvbl9MYXdfU3VpdF9vbl9DcmltZXNfQWdhaW5zdF9IdW1hbml0eV9ieV9Eci5fUmVpbmVyX0Z1ZWxsbWljaC8wNjE1OTc3ODMxNGZlOGU0YjFkMjgzMjY3OTE4NjU1ZTUzMjU3OTJiP3I9RVczZkhmdlRSY1k1enhSWXN2c1BSTjFZM2gyaFNIeE4iIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

TODAY'S TOP STORIES




LATEST TOP STORIES




©2021 U-S-NEWS.COM - REAL NEWS for REAL PEOPLE

DRAIN the SWAMP
BUT HOW? WELL IT'S EASY
FIND OUT HOW RIGHT HERE
HELP DRAIN the SWAMP - We have now seen how the left-wing cancel culture, with great help from our mainstream fake-news media hand in hand with Google, Youtube, Twitter, Amazon, Stripe and more, they are all trying to suppress conservative opinions. It's now the time for us to cancel or at least avoid using their so-called services. Yes but how to do that? Well it's actually very easy! There are Great alternatives for both Facebook, Twitter and Youtube, in fact even better! Find out more right here.
If you only get mainstream news you are kept in the dark, try one of these
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV4NmgtZFd6SjVOcEFsamExWXNBcGRnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVPMGFrdWZ1OU1Penl6M252R0lYQUF3IiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV5NzJtNHNnZkp1RjlRTGVlY1lKRlZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVOYklESk5OZ2FSclhPRDdWbGxJTVJRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVU4SW9oNGF0TkRPNWEwVnkycUZtYXVRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVlTGM0aGVYcUc5ZHRMN2ppUEhNQmZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVXTjNBTEhvWWhYWlpObHRiX191SURnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxicnlseXRpY3MuY29tL3Rvb2xzL3JhbmRvbV92aWRlb19lbWJlZC9yYW5kb20ucGhwP3BsYXRmb3JtPW9keXNlZS5jb20mYW1wO2NoYW5uZWxfY2xhaW1faWQ9OTA2Yzk5MmUxODg2N2ExNjZiN2U0Nzc2ZjAxNTNkZGQ2MjM4ODE3MiZhbXA7cj03cGlhamZWTm85Z2VTM2ttTTdDSlJCQ1dSeEdQN3NpVCIgd2lkdGg9IjMwMCIgaGVpZ2h0PSIxNjkiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
I'm down here in the swamp. Help me!
You now reached the bottom, exactly like
JOE BIDEN
Commander in Thief
PGlmcmFtZSB3aWR0aD0iNTAwIiBoZWlnaHQ9IjI4MSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9RUDBSUmhDTzBUMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

SCIENCE & TECH: Analysis: More Chinese companies could fall under Biden’s broader investment ban

Share via

Log in with your credentials

Forgot your details?

Thanks!

Subscribe - Real News for Real People - Daily or Weekly Click Here


Send this to a friend