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US-China tensions

Trump bars US investment in military-linked Chinese companies

President's first postelection order stays the course on financial decoupling

Trump's executive order bans Americans from investing in Chinese companies that the administration says supply China's military.    © Reuters

NEW YORK/HONG KONG -- In his first executive order since last week's election, U.S. President Donald Trump moved Thursday to ban Americans from investing in Chinese companies identified as having military ties.

Taking effect Jan. 11, the order would prohibit "any United States person" from holding securities, directly or through funds, in companies deemed to have links to China's military. The Department of Defense has identified 31 such enterprises. Investors already holding such assets will have until November 2021 to shed them.

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