Washington — The Trump administration has strengthened an executive order barring US investors from buying securities of alleged Chinese military-controlled companies, following disagreement among US agencies about how tough to make the directive.
Secretary of state Mike Pompeo said on Monday that the announcement “ensures US capital does not contribute to the development and modernisation of the People’s Republic of China’s military, intelligence, and security services”. “Politicising economy and trade, abusing the power of the state, stretching the concept of national security, such actions go against the principles of market competition and international trade that the US has always prided itself with,” the foreign ministry spokesperson office said.