US-China tensions
Last month US President Donald Trump issued an executive order prohibiting US investments into a list of Chinese companies that Washington said were owned or controlled by the Chinese military.
Now the Trump administration will be adding Chinas top chipmaker and an oil and gas producer to that list as well. Beijing has slammed the move, saying it firmly opposes Washingtons wanton oppression of Chinese companies. This comes as the US government is just one step away from enacting a law that could kick several Chinese firms off Wall Street. The US Congress passed the bill on Wednesday which could get signed into law quickly by President Donald Trump, as it was approved by the Republican-controlled Senate back in May.
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