<span style="color: #222222;">US President Joe Biden has signed an executive order that bans US entities from investing in many Chinese companies with alleged ties to defense or surveillance technology sectors. The US Treasury Department will enforce and update on a rolling basis, the new list of about 59 companies, which bars buying or selling publicly traded securities in target companies.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">President Biden said that the order prevents US investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs. He added that he finds that the use of Chinese surveillance technology outside the People's Republic of China and the development or use of Chinese surveillance technology to facilitate repression or serious human rights abuse, constitute unusual and extraordinary threats.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">Chinese foreign ministry spokesman Wang Wenbin said that they strongly condemned the ban and urged the United States to respect market law and principle and withdraw the investment ban list. He added that the US government is stretching the concept of national security, abusing national power and using every possible means to suppress and restrict Chinese enterprises.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">President Biden has been reviewing a number of aspects of US policy toward China. The move is part of Biden's broader series of steps to counter China, including reinforcing US alliances and pursuing large domestic investments to bolster American economic competitiveness.</span><br />''  <br />