Trump bans US investors from buying 'Chinese military companies'

clock • 1 min read

Outgoing US President Donald Trump will ban US investments into Chinese firms his administration believes are owned or controlled by the Chinese military, the White House announced late yesterday. Current US president Trump has issued an executive order prohibiting investments into such companies, claiming China "exploits United States investors to finance the development and modernisation of its military." The order, which will come into effect on 11 January, is understood to include 31 of the largest listed Chinese companies like telecoms firms China Telecom and China Mobile as well...

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