In the statement, Biden said: "I have sent the attached notice to the Federal Register. Statement of "Administrative Measures for Dealing with the Threat of Securities Investment Providing Funds for People's Republic of China (PRC) * * * and Some China Enterprises" promulgated by Executive OrderNo.13959 on October 2, 2020 and expanded by Executive OrderNo. 14032 on June 3, 2026.
Without producing any "evidence", Biden claimed: "China is increasingly using American capital to obtain resources and make it possible to develop and modernize its military, intelligence and other security agencies. This continues to enable China to directly threaten domestic and overseas forces in the United States. " He also declared that China's military enterprises continue to pose an "unusual and unusual threat" to US national security, foreign policy and economy by directly supporting the work of China's military, intelligence and other security agencies.
The United States will ban investment in China's "military-related enterprises" from 2020. According to public reports, since June 2020, the U.S. Department of Defense has listed a number of China enterprises on the "list of military-related enterprises" in batches. In June165438+1October 12, 202 1 month 13, then President Trump signed executive orders 13959 and 13974, announcing. On this basis, NYSE also initiated the delisting of China's three major telecom operators in the US capital market.
Biden continued the Trump administration's policy after he took office. On June 3, 20021,Biden signed executive order 14032, which further consolidated and strengthened executive order 13959 and expanded the scope of national emergency declared by this executive order. After the new executive order was issued, the number of China enterprises in the annex list reached 59.
In response to the absurd behavior of the United States to suppress China enterprises unreasonably on the grounds of "national security", Xiaomi Company and Laundry Company, which were listed in the above-mentioned list, filed lawsuits in the District Court of the District of Columbia respectively, demanding that the United States government revoke the relevant decisions, which were finally supported by the court.
According to the national emergency law of the United States, the national emergency will automatically terminate after the first anniversary of the law. But the state of emergency can be extended continuously. The president of the United States can extend the state of emergency for another year by issuing a notice in the Federal Gazette 90 days before the expiration of the state of emergency and conveying the notice to Congress. 202 1, 1 1, Biden has extended the state of emergency for one year. The announcement on the 8th means that this so-called state of emergency will be extended to 1 1 in 2023.
China resolutely opposes the wrong practice of the US. Zhao stressed at a regular press conference on the 9th that the US move not only harms the legitimate rights and interests of China enterprises, but also harms the interests of global investors, including American investors. Zhao said that the United States should respect the rule of law, respect the market, correct its mistakes and stop taking actions that harm the global financial market order and the legitimate rights and interests of investors. China will take necessary measures to resolutely safeguard the legitimate rights and interests of enterprises in China and resolutely support enterprises in China to safeguard their own interests according to law.
Some analysts believe that Biden's extension of the state of emergency for two consecutive years shows that he is continuing Trump's tough China policy and even abusing state power. Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, said in an interview with the Global Times on the 9th that Biden used the "investment threat" as an excuse to extend the Trump-era administrative order to China, indicating that the United States did whatever it took to suppress China enterprises. Dong Dengxin believes that in order to suppress China, the United States has destroyed almost all the foundations of the market economy and the basic spirit of the free market and free economy, which is a kind of "driving backwards".
It is worth noting that Biden's announcement of the extension of the relevant executive orders coincides with the polling day of the mid-term elections in the United States, and Biden's Democratic Party may lose control of the House of Representatives. Public opinion believes that the election results will directly affect Biden's term of office in the next two years, and even the 2024 US presidential election. Biden's choice to make a statement at this time is to use his attitude towards China to win votes. Dong Dengxin told the Global Times that domestic problems in the United States cannot be solved by containing China. Biden's choice to continue Trump's policy on the day of the mid-term election is also a manifestation of pleasing supporters to a certain extent, reflecting concerns about the election.