Biden blocking 59 Chinese firms in amended Trump order will ‘lift a rock only to drop it on its own feet’

From globaltimes.cn

The Biden administration is seeking a more comprehensive and in-depth strategy to compete with China, Chinese experts said, after US President Joe Biden blocks 59 Chinese companies in amended Trump order on Thursday, but warned that such move will “lift a rock only to drop it on its own feet in the end.” Biden signed an order Thursday amending a ban on US investment in Chinese companies begun under his predecessor, naming 59 firms with ties to China’s military or in the surveillance industry, including Huawei Technologies and the country’s three biggest telecommunications companies, according to Bloomberg. ... (full story)