The US Administration imposes new sanctions on a list of 59 Chinese companies, Huawei included
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Joe Biden has issued a new executive order intended to address what the US President has described as "threats" emanating from "Communist Chinese Military Companies". In other words, it is a new variation on similar orders issued by the previous administration, one of which resulted in the placement of the OEM Huawei on its Entities List.
However, this new measure does not bar the corporations on its list from buying supplies or services from key US-based firms. Rather, it prevents them from securing investment from individuals or groups from the same country, which, as the Biden Administration seems to believe, is an effective way to curb the "use of Chinese surveillance technology outside the PRC and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse".
Accordingly, the companies affected by the executive order include what could be considered usual suspects such as China Satellite Communications, China Telecom and Unicom, as well as potentially key industrial and scientific concerns such as China Aerospace Science and Technology Corporation and Shaanxi Zhongtian Rocket Technology.
The list also extends to firms such as SMIC, Nanjing Panda Electronics and, of course, Huawei. However, others along their general lines are notable by their absence. They include TCL/CSOT and Xiaomi, which has already defeated an attempt by the US Government to have it characterized as just such an entity linked to the Chinese govermment.