Originally published by Gatestone Institute
Commentary
Recently the Biden administration issued new answers for Americans invested in Chinese companies with direct ties to Beijing’s military. Previously, U.S. policy was that Americans were forbidden to invest in companies included in a “blacklist” of Chinese companies directly involved in China’s military, and in producing applications used by the Communist regime to oppress its own people and threaten its neighbors. The new “answers” amount to a wholesale abandonment of a policy Americans of all political stripes supported.
Just ahead of a deadline last Friday for U.S. investors to cease trading in the stocks and bonds of companies officially linked to the Chinese military, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) quietly notified investors that they would not be punished for holding onto such securities….