Executive Order Bans U.S. Investment In AVIC - AVweb

A Chinese company that has invested heavily in U.S. general aviation companies is on the list of “Communist Chinese military companies” affected by an executive order banning U.S. investment in them. The Aviation Industry Corporation of China (AVIC), which owns Cirrus Aircraft and Continental Aerospace Technologies and whose subsidiaries are involved with a broad range of U.S. aviation companies, is one of dozens of state-owned companies affected by the investment ban, which comes into effect Jan. 11. After that date, it will be illegal for any U.S. citizen to buy stock in AVIC or any of its many branch companies but divesting will be permitted. “Those companies, though remaining ostensibly private and civilian, directly support the PRC’s military, intelligence, and security apparatuses and aid in their development and modernization,” the executive order reads, calling the PRC’s military and intelligence agencies an “extraordinary threat” to the U.S.


This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/138495

“Well, here’s another fine mess you’ve gotten us into”.