China softens blow of U.S. sanctions on military companies

State-backed funds strengthen targeted sector ahead of Friday deadline

Soldiers of the People's Liberation Army march outside the Great Hall of the People in Beijing in September 2020. © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondentJune 2, 2022 11:38 JSTUpdated on June 6, 2022 13:48 JST | China

HONG KONG -- With all U.S. citizens and entities forbidden from investing China's military-industrial companies by Friday, Beijing has mobilized state funds and its capital market to cushion the potential fallout.

China softens blow of U.S. sanctions on military companies

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