Trump bans U.S. companies from investing in Chinese military affiliates

Citing China’s military-civil fusion strategy, President Trump on Thursday signed an order banning U.S. companies -- including foreign branches -- from investing in companies the Defense Department says support the Chinese military. The executive order , which takes effect on Jan. 11, blocks U.S. companies and foreign branches from buying securities and investing in funds that include securities that support China’s military. The Pentagon, per section 1237 of the 1999 National Defense Authorization Act, must identify companies “operating directly or...