John Kennedy China Usa state Louisiana state Maryland information Government bill Coronavirus John Kennedy China Usa state Louisiana state Maryland

US Senate passes bill to block Chinese companies including Alibaba, Baidu from US capital markets

Reading now: 734
www.livemint.com

U.S. lawmakers have raised red flags over the billions of dollars flowing into some of China’s largest corporations The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd.

and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.

The bill, introduced by Senator John Kennedy, a Republican from Louisiana, and Chris Van Hollen, a Democrat from Maryland, was approved by unanimous consent and would require companies to certify that they are not under the control of a foreign government.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA