The United States carried out an executive order Monday, banning U.S. investments in 59-Chinese companies with alleged ties to China’s military and surveillance industry.

The list includes Huawei Technologies and China’s three biggest telecommunications companies.

The Ministry of Commerce says China will take necessary measures to protect the legitimate rights and interests of Chinese companies.

CGTN’s Zhou Yunfei reports from Beijing.

Joining the discussion:

• Yan Liang is  a professor of economics at Willamette University.
• Anna Ashton is the Vice President of Government Affairs at the U.S.-China Business Council.
• William Lee is Chief Economist at the Milken Institute.
• Einar Tangen is a political and economics commentator.

For more:

Goldman Sachs, JPMorgan, and Morgan Stanley plan to reduce exposure to Chinese telecom firms named in a US ban on investments in companies Washington says are linked to China’s military https://t.co/JjF1B9qDNq pic.twitter.com/CBSHwXQhiS

— Al Jazeera English (@AJEnglish) January 11, 2021