News Snapshot:
WASHINGTON: The Trump administration on Thursday unveiled an govt order prohibiting US investments in Chinese firms that Washington says are owned or managed by the Chinese military, ramping up stress on Beijing after the US election. The order, which was first reported by Reuters, might affect a few of China`s largest corporations, together with telecoms firms China Telecom Corp Ltd , China Mobile Ltd and surveillance tools maker Hikvision . The transfer is designed to discourage US funding firms, pension funds and others from shopping for shares of 31 Chinese corporations that have been designated by the Defense Department as...
