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.
US-China tensions
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
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