US President Joe Biden is set to ban Americans from investing in dozens of Chinese tech and defence firms with alleged military ties.
The new executive order will come into effect on 2 August, hitting 59 firms including communications giant Huawei. The list of firms will be updated on a rolling basis.
It expands an order previously issued by former President Donald Trump.
Even before the official announcement, China suggested it would retaliate.
Under the new order, US investors will be banned from buying or selling publicly-traded securities for other companies including the China General Nuclear Power Corporation, China Mobile Limited and Costar Group.
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