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President Donald Trump issued an executive order prohibiting US investment in 31 Chinese companies.
The Trump administration believes that the companies are owned or controlled by the Chinese military.
Today is Thursday in the media CNNThis information has been provided in a report by.
According to the report, the 31 organizations that have been banned are working to “improve and modernize” China’s military, and the executive order says it is a “direct threat” to the security of the United States.
Huawei and Hickvision, one of the world’s largest manufacturers of mobile phones and video surveillance devices, are on the list.
Among the 31 banned Chinese companies are China Telecom and China Mobile. Institutional transactions in the New York capital market are also subject to sanctions.
No US citizen may invest or buy shares in any of the companies involved in the sanctions.
The executive order also called for the withdrawal of investments from listed companies by November 2021.
This order will be effective as of January 11.
The South China Morning Post reported today that the US sanctions would have a negative impact on China’s large trading companies.
As a result, it will put more pressure on Beijing, according to the report.
