This is stated on the website of the White House.

“The PRC is increasingly exploiting American capital in order to find resources and help develop and modernize its armed forces, intelligence and intelligence apparatus.

This allows the PRC to directly threaten US territory and US forces abroad, including developing weapons of mass destruction, advanced conventional weapons and malicious cyber attacks against the US and its people, ”the statement said.

It is clarified that the decree banning investments in Chinese companies associated with the Chinese military will enter into force on January 11, 2021.

Earlier, the Chinese Foreign Ministry expressed hope for cooperation with the United States after the American presidential elections.