US Commerce Department to take action against companies producing products/services that assist Chinese military activities, specifically:
- for being “complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs” and others
- for supporting procurement of items for use by the Chinese military
Another indication of rising US/China strains.
As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives.