Trump ban hits firms tied to China military

WASHINGTON ࢀ¢ US President Donald Trump signed an order barring American investments in Chinese firms owned or controlled by the military, the latest White House bid to pressure Beijing over what it views as abusive business practices. China is “increasingly exploiting” American capital for “the development and modernisation of its military, intelligence, and other security apparatuses”, posing a threat to the United States, according to the executive order signed on Thursday. The order prohibits investment firms and pension funds from buying and selling shares of 20 Chinese companies designated in June by the Pentagon as having military ties, as well…