Headline RoundupNovember 13th, 2020

Trump Blocks Americans from Investing in Firms Linked to Chinese Military

Summary from the AllSides News Team

President Donald Trump signed an executive order Thursday that blocks Americans from investing in Chinese companies that allegedly supply and support China's military and intelligence, citing threats to national security and the economy. The order blocks American companies and individuals from owning shares in 31 companies purportedly tied to the People’s Liberation Army (PLA), and China’s intelligence and security services, including China Telecom Corp Ltd, China Mobile Ltd and surveillance equipment maker Hikvision. The order comes amid increasing concerns regarding pension and retirement fund flows into foreign companies that support China’s government. The story received coverage across the political spectrum. Some left- and center-rated outlets framed the executive order as a part of Trump's clampdown on China and an effort to make a lasting impact in the White House before January.

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