Headline Roundup November 12, 2020
Trump Blocks Americans from Investing in Firms Linked to Chinese Military
Summary from the AllSides News Team
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Al Jazeera
United States President Donald Trump has signed an executive order banning US investments in Chinese firms Washington claims are owned or controlled by the Chinese military, ramping up pressure on Beijing after the US election.
The order, which was first reported by Reuters, could affect some of China’s biggest companies, including telecoms firms China Telecom Corp Ltd, China Mobile Ltd and surveillance equipment maker Hikvision.
The move is designed to deter US investment firms, pension funds and others from buying and selling shares of 31 Chinese companies that were designated...
President Trump signed an executive order prohibiting Americans from investing in a group of Chinese companies the U.S. says supply and otherwise support China’s military, intelligence and security services.
The order blocks American companies and individuals from owning shares directly or through funds that include any of 31 companies identified by the U.S. as aiding the modernization of the People’s Liberation Army, or PLA, and China’s intelligence and security services.
Those firms, which include large state-run aerospace, shipbuilding and construction companies as well as technology companies such as the video-surveillance-equipment...
President Donald Trump on Nov. 12 issued an executive order to stop investments in Chinese companies that are tied to China’s military, citing threats to the national security, foreign policy, and economy of the United States.
The order came in response to rising concerns over pension and retirement fund flows into foreign companies that support China’s totalitarian regime. It targets China’s military companies, including those designated by the Pentagon in June and August of 2020.
Beijing “is increasingly exploiting United States capital to resource and to enable the development and...
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