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Topic: Trump urges against China Banned US companies from joint ventures

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Trump urges against China Banned US companies from joint ventures



On Nov. 12, President Donald Trump's government issued a ban on investments in Chinese companies that the United States says are Chinese or controlled by the Chinese government. It could affect the big Chinese companies. Such as China Telecom Corp., China Mobile and surveillance equipment manufacturer Hick Vision.


The move was to deter investment management companies. Pension funds and others Following the acquisition of 31 Chinese companies backed by the Chinese military, the Ministry of Defense announced earlier this year. It will be effective from January 11 onwards. US investors are prohibited from buying the securities of those companies. Transactions made for the sale of ownership rights in companies will be authorized until 11 November 2021.


It is Trump's first major policy move since the Nov. 3 election and indicates it is trying to take advantage of the rest of the period to deter China. This will affect the importance between the two countries with the world's top economies. It was severely distracted by China's handling of the COVID-19 crisis and the move to impose security laws in Hong Kong. Democrats do not have detailed policies on China. But there are indications that it will continue its difficult course for China.


The directive reflects a bill proposed by Republican Mark Rubios, a member of the Republican. Last month That seeks to block access to the US capital markets Of Chinese companies that were blacklisted Also included on the Pentagon's banned list, Republican Senator Jim Bank said it was one of the smartest and most important foreign policy decisions ever made by President Trump. Since taking office


U.S. leaders Not yet accepting the election results It launched a series of attacks on election technology company Dominion Vote Ting Systems, one of the most widely used technology companies in the United States. That minus his vote Via Twitter on Nov. 12, Dominion removed 2.7 million votes people voted for him nationwide. The federal agency that oversees the security of the US election. Counter that there is no evidence that any voting system Deleted or lost And reiterated that the Nov. 3 election was the safest election in American history. The Dominion Company voted Ting Systems denied the allegations. Edison Research's chairman insisted that there was no evidence of the cheating.


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