Trump bans U.S. investments in Chinese military-linked firms

Trump bans U.S. investments in Chinese military-linked firms

President Donald Trump signed an order banning American investments in Chinese firms that the administration says are owned or controlled by the Chinese military.

The Chinese government accused Washington of misusing national security. Economists and political analysts had said that even if Trump was defeated he was likely to launch more actions against Beijing.

China’s foreign ministry on Friday accused Washington of “wantonly suppressing Chinese companies under the pretext of national security” and violating market principles.

“The U.S. government maliciously slandered China’s military-civilian integration development policy out of political motives and abused national power to unreasonably suppress Chinese companies,” said a foreign ministry spokesman, Wang Wenbin.

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