The order applies to 31 chinese companies previously identified by the defense department as having links to china s military. The investment eo is part of a broader u s led pushback on china s efforts to use its private companies to augment its military capabilities a chinese strategy referred to as military civil.
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That order prohibits investment firms and pension funds from buying and selling shares of 31 chinese companies designated by the pentagon since june as having military ties exxon shellstate owned.
Investment firms with military ties. Us president donald trump issued an executive order thursday barring americans from investing in a list of companies with ties to the chinese military arguing that such investments pose a risk to national security. Austin iii serves on the board of raytheon one of the world s largest weapons makers and is a partner in an investment firm that buys military suppliers. The trump administration is poised to add chipmaker smic and offshore oil and gas explorer cnooc to a list of firms blocked from american investment due to military ties reuters reported in the.
The order applies to 31 chinese companies previously identified by the defense department as having links to china s. Trump 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. Washington president trump issued an executive order thursday barring americans from investing in a list of companies with ties to the chinese military arguing that such investments pose a risk to national security.
Goods and technology according to a. President donald trump has signed an executive order banning americans from investing in chinese firms that the administration says are owned or controlled by the chinese military. The trump administration is close to declaring that 89 chinese aerospace and other companies have military ties restricting them from buying a range of u s.
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