US President Donald Trump signed a memorandum last Friday directing the Committee on Foreign Investment in the United States (CFIUS) to impose investment restrictions on “foreign adversaries”, including China, Hong Kong and Macau.
The memorandum, titled “America First Investment Policy” explicitly states that “foreign adversaries” include not only the People’s Republic of China, but also the Hong Kong and Macau special administrative regions, plus Cuba, Iran, North Korea, Russia and Venezuela.
In the memo, Trump emphasized that economic security is directly related to national security, and noted that China’s investments in US technology, agriculture and other strategic areas could threaten US interests.
