New episode in the battle between the United States and China. Donald Trump made the decision, Thursday, November 12, 2020, to prohibit Americans from investing in Chinese companies accused by his government of supporting Beijing’s military activities. In a decree, the tenant of the White House specifies that this ban will be effective as of January 11, 9 days before his departure from the White House and the arrival of his successor Joe Biden. Americans with stakes and other financial interests in targeted companies have until November 2021 to sell them.
This announcement is part of the recent Trump administration offensive to counter the growing power of Beijing, determined to compete with Washington on the world stage on virtually every front, from economics to military to politics and technology. Donald Trump asserts in this decree that China “is increasingly exploiting the capital of the United States to enable the development and modernization of its military activities, its intelligence services and other security systems, which allows it to directly threaten And »the United States and American troops stationed abroad. The money of American individuals invested in these companies, further affirms the Republican billionaire, allows Beijing to develop weapons of mass destruction and to carry out cyber attacks “against the United States and its people”.
China “exploits American investors”
Clearly, China “is exploiting American investors to finance the development and modernization of its army”, concludes President Donald Trump, who still refuses to concede defeat in the presidential election on November 3. The targeted companies are public and private companies in aeronautics, maritime transport, construction, communications and new technologies in particular. They are listed on Chinese financial centers, on the Hong Kong Stock Exchange and on Wall Street via financial instruments or subsidiaries. Individuals invest in it via mutual funds, which bring together the savings of several investors, offered by a portfolio manager. Most often, small holders are unaware that they own a share, or even a portion of the title of a company. China Mobile Communications and China Telecommunications Corp are among the list of companies targeted by Donald Trump.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
