However, this law applies to companies of any country. But its real purpose is to pull out the listed Alibaba in the US, tech firm Pinduoduo Inc and giant oil company PetroChina.
This law was passed by the US Congress this year
This law, which prohibited Chinese businesses, passed this year with a large majority from the US Congress. MPs from both opposition Democrats and Republican parties supported Donald Trump regarding this anti-China law. Donald Trump has repeatedly blamed China for the coronavirus. Since then, he has been taking a tough stand against China.