The United States will continue a Trump-era order barring American investors from financing Chinese military-linked companies, President Joe Biden announced on Nov. 9.
“The PRC [People’s Republic of China] is increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses, which continues to allow the PRC to directly threaten the United States homeland and United States forces overseas,” Biden wrote in a letter to House of Representatives Speaker Nancy Pelosi on Tuesday.
