BUSINESS/CHINA/TRUMP ADMIN: “The Trump administration is continuing to inflict damage on China’s prized businesses in its final weeks, with actions that could make it harder for President-elect Joe Biden to rebuild relations once he takes office.
The latest move came Thursday [Dec. 3, 2020] when the US Department of Defense added China’s top chipmaker SMIC, oil giant CNOOC and several other firms to a list of companies that the department claims are owned or controlled by the Chinese military. That means they’re now subject to restrictions, including a ban on Americans investing in them.”
-Sherisse Pham, “Trump is targeting China’s national champions on his way out the door,” cnn.com, Dec. 4, 2020