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Trump has stepped up pressure on China after the election

The Trump Order states that its purpose is to prevent Beijing from using US money to finance the development and modernization of its army and intelligence service.

“The People’s Republic of China (PRC) is increasingly exploiting US capital to provide the resources and capabilities to develop and modernize its army, intelligence and other security apparatus that continue to allow the PRC to pose a direct threat to US territory and US forces abroad,” Trump wrote.

The order prohibits U.S. companies and individuals from owning shares in companies that the U.S. considers affiliated with the Chinese military. The order does not name specific Chinese companies.

Trump thus intensifies pressure on China after he lost to Joe Biden in the US presidential election on November 3, although Trump has refused to recognize Biden’s victory.

Part of the ban will take effect on January 11, a few days before the newly elected US president takes office.

Relations between Washington and Beijing have deteriorated during the Trump’s presidency, especially on trade and intellectual property issues.

The Trump Administration has taken action against Chinese technology companies, which it sees as a threat to US national security.

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There are also disagreements between the two countries over Hong Kong’s autonomy, China’s treatment of ethnic minorities and China’s military expansion in the South China Sea.

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