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On the eve of leaving office, Trump did something else against China.
Quoting Hexun.com, US President Trump signed an executive order on Thursday (November 12): banning Americans from investing in related Chinese companies, which the White House believes support the Chinese military.
The order prohibits US companies and individuals from owning, directly or through investment funds, shares in companies that the US government believes will contribute to the development of the Chinese People’s Liberation Army.
Trump noted in order that “China is using the capital resources of the United States and making it possible to develop and modernize its military, intelligence and security equipment.”
These investments “make China a direct threat to the continental United States and US troops abroad, including the development and deployment of weapons of mass destruction, advanced conventional weapons, and malicious cyber operations against the United States and its people.”
This prohibition will take effect at 9:30 am on January 11, 2021 and will be directed at 31 companies that have been designated by the United States Department of Defense as “Chinese Communist Military Companies.”
These companies include large state-owned aviation and construction companies, as well as technology and communications companies such as Inspur Group, Huawei, and China Telecom. According to a World Wide Web report, the regulation may affect 31 Chinese companies, including China Telecom, China Mobile and Hikvision.
The United States believes that these companies have promoted the development of China’s armed forces by acquiring advanced technology and knowledge and, to some extent, have led to China’s active global expansion.
An official from Biden’s transition team did not immediately respond to a request for comment on the newly signed order.
In fact, on June 25 this year, the Trump administration decided to list 20 Chinese high-tech companies, including Huawei and Hikvision, as companies “owned, controlled or connected to the Chinese military.”
This list was mentioned by the US Department of Defense in a letter to members of Congress on the 24th. Pentagon spokesman Jonathan Hoffman said: “The list includes the ownership, control or presence of the Chinese government, the military or defense industry. Associated entities “.
He stated that as China tries to blur the line between the civilian and military sectors, it is important to understand suppliers.
“We believe this list will be a useful tool for the US government, businesses, investors, academic institutions, and partners with similar goals to conduct due diligence on partnerships of these entities, especially as that increases the list “.
This list is reportedly first drawn up by the US Department of Defense. A 1999 law authorized the Department of Defense to compile a list of companies “owned or controlled” by the Chinese military, but previous governments The US has never published such a list.
Less than a month ago, on May 23 this year, the US Department of Commerce also announced that a total of 33 Chinese companies and institutions will be included in the “Entity List.”
In response to this pressure, Reuters said the measure is the latest major policy measure launched by US President Trump after his “electoral failure,” indicating that his administration is looking to use the remaining months of his mandate to attack China.
This may also further exacerbate the already troubling relationship between the world’s two largest economies.
China has repeatedly stated its solemn position on the issue of the unprovoked removal of Chinese companies by the United States. China’s Foreign Ministry previously stated that the United States has repeatedly generalized the concept of national security, abused its national power, and repressed certain Chinese companies, in serious violation of the United States’ consistent market competition principles and economic rules. and international commercials.Red Lei Feng Red Lei Feng(Public account: Lei Feng Net)Lei feng
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