USA Bars Investment in Chinese Firms With Military Ties
The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration's first major move toward decoupling American financial markets from China
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The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration's first major move toward decoupling American financial markets from China.
The order applies to 31 Chinese companies previously identified by the Defense Department as having links to China's military. The list includes prominent Chinese technology, manufacturing and infrastructure companies, such as China Mobile Communications Group, China Telecommunications Corporation, Huawei, Sinochem Group, Hangzhou Hikvision Digital Technology, China Railway Construction Corporation, Inspur Group and Aviation Industry Corporation of China.
In the order, Mr. Trump said American investment in these companies was helping China fund its military ambitions. Mr. Trump said China was "increasingly exploiting United States capital to resource and to enable the development and...
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