On Monday, a document issued by Republican lawmakers in the US Senate intending to ban US investment in Chinese defense companies.
Reuters reported, citing Republican lawmakers, Mike Calagher, Jim Banks and Doug Lamalf, that they intend to submit a bill on this subject that US Treasury Secretary Steve Manuchen will report to Congress identifying foreign defense companies that have major contracts with the military Chinese or receive support from him.
Six months after the release of the report, US companies and citizens will be required to boycott these companies and be prohibited from making new investments in them.
“On the one hand, Congress is asking taxpayers to help develop our army so that we can compete with China,” Banks said in a statement.
On the other hand, large American investment funds are pumping US dollars into the base of Chinese military industries.
We need to put an end to this contradiction and stop financing the rise of our opponents on the world stage”.
On January 15, the United States and China signed the first stage of their trade agreement, as US President Donald Trump received his Chinese counterpart Xi Jinping at the White House.