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The order prohibits such investments beginning on Jan. 11 President Trump on Thursday signed an executive order to block investment in Chinese businesses that the administration says benefit China's military. The order prohibits such investments beginning Jan. 11, 2021, but allows divestment from investments that include the Chinese securities through Nov. 11, 2021. "Today, President Donald J. Trump signed an Executive Order to protect American investors from funding Communist Chinese military companies, including those designated by the Department of Defense in June and August of 2020," National Security Advisor Robert O'Brien said in a statement. O'Brien also argued in the...

ARLINGTON, Va. — The Chinese navy has a new submarine base on Hainan Island, according to the latest Defense Department report on Chinese military power. The report comes about two weeks after a Military Sealift Command contract surveillance ship was accosted by five Chinese vessels about 75 miles south of Hainan Island. "The base appears large enough to accommodate a mix of attack and ballistic missile submarines and advanced surface combatant ships," the report said. "The port, which has underground facilities, would provide the PLA (People’s Liberation Army) Navy with direct access to vital international sea lanes, and offers the...

WASHINGTON, March 5, 2008 – China’s announcement that it is increasing its military spending by almost 18 percent is a cause of concern because the nation's government hasn’t been clear about how it will spend the money, Defense Secretary Robert M. Gates said here today. Defense Secretary Robert M. Gates, left, responds to a question during a press conference with Chairman of the Joint Chiefs of Staff Adm. Mike Mullen at the Pentagon, March 5, 2008. Defense Dept. photo by Cherie A. Thurlby  (Click photo for screen-resolution image);high-resolution image available. China’s announcement comes on the heels of the March 3...

Congress has ordered the U.S. military to report annually "on the current and future military strategy of the People's Republic of China." So on Monday, the Pentagon turned out a 66-page report to help Congress foster its own fears. It's part of a symbiotic relationship: Congress orders the study, and then lawmakers get to cite it as justification for buying more weapons. Some in national-security circles refer to the phenomenon as a "self-licking ice cream cone."