Trump bars investment in companies that China 'uses to fund military'

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President Donald Trump signs executive order banning US citizens from investing in Chinese firms that he says could be supporting Beijing's military

The executive order signed by President Donald Trump lists 31 companies and claims that China was using them for"increasing exploitation" of US investment capital to fund military and intelligence services.

The order listed 31 companies on Thursday that it said China was using for the "increasing exploitation" of US investment capital to fund military and intelligence services, including the development and deployment of weapons of mass destruction. Current investors will have a year to divest from the Beijing-linked companies, according to the order.

He said the companies included on the list "routinely target American citizens and businesses through cyber operations," as well as its economy and military. With Covid-19 cases shattering records across the country and states imposing new restrictions in a push to contain, Trump seems to have all but shelved normal presidential duties, leaving his final policy moves on China increasingly unpredictable.

 

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1andonlyKathy So, he got caught investing there but is now ‘signing an order’ preventing others from doing the same? Guess he’ll need to close his little bank account over there. What an idiot. So glad this loser was defeated.

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