The Biden administration has expanded its trade restrictions to include 105 Russian and Chinese companies accused of supporting Russia’s military efforts in Ukraine. This move aims to prevent these companies from accessing US technology and resources, adding further pressure on Russia’s war effort.
China’s most promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth. The sectors under scrutiny include electric vehicles, wind and solar projects, medical devices, and chips. These industries are of strategic importance to President Xi Jinping’s bid for leadership in the global race toward green transition and high-tech development. The rising tensions come at an inopportune time, as stocks were starting to emerge from a multi-year slump.
