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    Home»News»Regional/International News»Trump bans US investment in Chinese firms that help military
    Regional/International News

    Trump bans US investment in Chinese firms that help military

    November 12, 2020No Comments1 Min Read
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    WASHINGTON, United States (AFP) — US President Donald Trump signed an order Thursday that will ban Americans from investing in Chinese firms that could help Beijing’s military and security apparatus.

    The executive order said the Chinese government obliges private firms to support these activities and through capital markets “exploits United States investors to finance the development and modernisation of its military”.

    The ban takes effect January 11 just days before Trump’s presidency ends.

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