Trump bans U.S. investment in Chinese military-linked firms


Source: columbian.com columbian.com

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BEIJING — U.S. President Donald Trump has stepped up a conflict with China over security and technology by barring Americans from investing in companies that U.S. officials say are owned or controlled by the Chinese military. The Chinese government accused Washington of misusing national security as an excuse to hamper competition and warned Friday that Trump’s order would hurt U.S. and other investors worldwide. The impact of Thursday’s order wasn’t immediately clear but it could add to pressure on companies including telecom equipment giant Huawei and video surveillance provider Hikvision that already face U.S. export bans and other sanctions. It...