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U.S. extends ban on securities investments in companies linked to China military -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Flags of the United States and China fly outside an office building in Shanghai on April 14th, 2021. REUTERS/Aly Son//File Photograph

WASHINGTON, (Reuters) – The United States will not allow U.S. investment in Chinese businesses that Washington claims are controlled or owned by the Chinese military. This was stated Tuesday by President Joe Biden.

Biden wrote to Nancy Pelosi that “The PRC has been increasingly exploiting United States Capital to Resource and enable the Development and Modernization of its Military, Intelligence, and Other Security Apparatuses,” which allowed the PRC direct threat to the United States’ homeland and overseas forces.

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