US extends China military investment ban to subsidiaries

Messenger Messenger WhatsApp Telegram An executive order issued by Donald Trump banning investments in Chinese companies with suspected military ties will apply to subsidiaries, the US Treasury said on Monday, signalling a tougher interpretation of the crackdown. The clarification followed a heated debate within the Trump administration about the application of the executive order signed last month, with the State department and Pentagon pushing for more sweeping rules to constrain US investment in Chinese companies with links to the Peopleࢀ™s Liberation Army. In a question and answer addendum to the executive order published on Monday on the Treasuryࢀ™s website by…