This should be fun. I wonder if there are contracts that are grandfathered in. You know, like for Walmart and others. Facebook, Twitter and Big Tech make their money in China.
New Trump executive order bans American investment in Chinese companiesPresident Donald Trump recently
issued an executive order barring U.S. investors from holding ownership stakes in a list of 31 companies believed to have ties with the Chinese military.
The order applies to 31 Chinese companies previously designated by the Pentagon as being “owned or controlled” by China’s People’s Liberation Army (PLA). The companies listed include several prominent Chinese technology, infrastructure and manufacturing companies such as Huawei, China Mobile, China Telecommunications, Sinochem, Hangzhou Hikvision, China Railway Construction Corporation, Inspur Group and the Aviation Industry Corporation of China.
Trump said that American investment in the listed companies was helping China fund its military ambitions. He added that China was “increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses.” He added that these efforts “directly threaten the United States homeland and United States forces overseas.”
The order comes into effect on January 11, 2021. It bans U.S. citizens from purchasing new shares in the listed firms or investing in emerging market funds that include the companies. Current investors who own shares of these companies have until November 11, 2021, to divest their investments.
Billions in American dollars invested in state-linked Chinese firmsChinese president Xi Jinping has
pursued a national strategy of “military-civil fusion.” This draws on both private and state-owned companies to support military and intelligence activities.
This strategy has led U.S. politicians and legislators to take additional precautions against some Chinese companies, regardless of whether or not they’re owned by the Chinese government.
