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Trump Signs Executive Order Strengthening Ban on US Investments in China

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WASHINGTON (Sputnik) - US President Donald Trump has signed an executive order strengthening a ban on US investments in companies with alleged ties to the Chinese military, according to the White House.
"Effective at 11:59 p.m. eastern standard time on 11 November 2021 [04:59 GMT on 12 November], possession of any such securities by a United States person is prohibited", the executive order, published on Thursday, read.

Investors are permitted to conduct any transaction that will allow them to divest of securities in firms that Washington believes have links to the Chinese military, according to the order.

The new order amends a preceding directive published in November that merely prohibited investors from purchasing securities in these firms after 11 November 2021.

In this photo released by Xinhua News Agency, Chinese President Xi Jinping stands on a military jeep as he inspects troops of the People's Liberation Army during a military parade to commemorate the 90th anniversary of the founding of the PLA at Zhurihe training base in north China's Inner Mongolia Autonomous Region, Sunday, July 30, 2017 - Sputnik International
Asia
Trump Issues Order Barring Americans From Investing in Firms Tied to Chinese Military

According to the Wall Street Journal newspaper, Chinese tech giants Alibaba, Tencent, and Baidu will be exempt from the ban amid fears of economic fallout should the three firms be placed on the US blacklist.

The Chinese Ministry of Commerce slammed the initial directive and accused the United States of exerting undue pressure on China.

US media outlets reported in November that Trump would introduce a set of hardline policies targeting China before his presidential term ends on January 20.

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