Trump bans US investments in firms linked to Chinese military

The Trump administration on Thursday unveiled an executive order prohibiting US investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the US election.

White House staff and journalists walk across the North Lawn Driveway as rain falls over the White House during a storm in Washington, US, November 12, 2020. [Reuters]

The order, which was first reported by Reuters, could impact some of China’s biggest companies, including telecoms firms China Telecom Corp Ltd, China Mobile Ltd and surveillance equipment maker Hikvision.