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President Joe Biden signed an executive order Thursday expanding a Trump-era ban on Americans investing in Chinese companies with purported ties to China’s military.
The order increases the number of restricted Chinese companies from 48 to 59. It also rewrites a previous order issued by former President Donald Trump to include companies that create and deploy surveillance technology, like the technology used against Muslim minorities and dissidents in Hong Kong. The move signals that Biden plans to continue some of the same China-related policies previously put in place by the Trump administration.
The order does not include DJI, WeChat, TikTok, or its parent company ByteDance among the 59 companies, despite previous concerns about…