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US-China tensions

Biden move on China investment blacklist draws fire in Washington

U.S. politicians demand divestment, not just trading ban

U.S. Senator Marco Rubio of Florida criticized the decision to let American investors hold on to shares of blacklisted companies. 

NEW YORK -- U.S. politicians have expressed outrage about a Biden administration move to quietly tell American investors they can hold on to shares of Chinese companies on an investment blacklist for military links, as reported by Nikkei Asia.

"What is the point of a required divestment period if it doesn't actually require divestment?" Republican Senator Marco Rubio said to Nikkei. "Once again, the Biden administration has watered down and weakened critical national tools to take on the Chinese Communist Party."

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