President Trump issued an executive order prohibiting US investment in Chinese firms that are linked to the Chinese military. The order describes the Chinese military-industrial complex as a threat to US national security and aims to prevent US investors from supporting the “development and modernization” of the Chinese military (source). The order comes amid escalating tensions between the US and China, including recent sanctions, a controversial Hong Kong national security law, ongoing trade tensions, and a proposed ban on TikTok and WeChat.
The New Paper
This story is from the November 13, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.