Trump issues executive order banning US investment in Chinese military firms

Though Democrats and the mainstream media are entirely focused on ousting President Trump from the White House no matter the cost, the onslaught of opposition has not stopped Trump from continuing to do the work of leading the nation.

President Trump issued an executive order on Thursday that would continue to increase pressure on the Chinese Communist Party by prohibiting American companies from investing in Chinese firms affiliated with or owned by the Chinese military. 

Upping the ante

The entire nation may be focused on the as-of-yet officially undecided outcome of last week’s election, but China’s increasing belligerence remains a critical issue of which President Trump has not lost sight.

Continuing his prioritization of the “America First” doctrine, National Security Adviser Robert O’Brien revealed on Thursday that Trump has “signed an Executive Order to protect American investors from funding Communist Chinese military companies, including those designated by the Department of Defense in June and August of 2020.”

The order is meant to prevent American companies from knowingly or unknowingly funneling American dollars to the Chinese military.

O’Brien’s statement continued:

Many of these companies are publicly traded on stock exchanges around the world, and individual investors in the United States can unknowingly provide funds to them through passive institutional investment vehicles such as mutual funds and retirement plans. The President’s action serves to protect American investors from unintentionally providing capital that goes to enhancing the capabilities of the People’s Liberation Army and People’s Republic of China intelligence services, which routinely target American citizens and businesses through cyber operations, and directly threaten the critical infrastructure, economy, and military of America and its allies and partners around the world.

“President Trump has no higher priority than the security of the American people,” O’Brien concluded.

Keeping China at bay

President Trump attempted to maintain a cordial relationship with China throughout the first three years of his term, but China’s increasing belligerence in the South China Sea, along with shocking human rights abuses reported in Hong Kong and the Xinjiang province against the Uyghur Muslims forced Trump to take a stand against the communist nation.

Trump has issued a number of executive orders aimed at increasing economic pressure on China, and Breitbart reported that this latest order could hit some of China’s largest corporations where it hurts.

According to Reuters, which first reported on the order, “the move is designed to deter U.S. investment firms, pension funds and others from buying shares of 31 Chinese companies that were designated by the Defense Department as backed by the Chinese military earlier this year.”

The order goes fully into effect on January 11, 2021, and will prohibit transactions by U.S. investors in the securities of such companies as telecoms firms China Telecom Corp Ltd 0728.HK, China Mobile Ltd 0941.HK and surveillance equipment maker Hikvision 002415.SZ.

White House Trade Adviser Peter Navarro told reporters on Thursday that “this is a sweeping order designed to choke off American capital to China’s militarization.”

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