US President Donald Trump signed an executive order banning transactions with 8 Chinese software applications, including Alipay of Ant Group, which tracks Chinese billionaire Jack Ma, and in its final weeks before US President-elect Joe Biden took office on January 20, President Donald Trump’s administration stepped up. From its tough stance towards China.
Relations between the world’s two largest economies have become increasingly tense amid a series of disputes over issues including trade and human rights, and the US Commerce Department added dozens of Chinese companies to its commercial blacklist in December, accusing Beijing of using its companies to harness civilian technology resources for military purposes.
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