The United States is gearing up to uproot “red assets,” said an analyst after Washington moved to ban Americans from investing in dozens of Chinese military firms. Two days earlier, President Joe Biden signed an executive order blacklisting 59 Chinese defense and surveillance technology firms. The ban expands on a Trump-era order, which covered a total of 44 companies to address “the threat posed by the military-industrial complex of the People’s Republic of China.” It will take effect on Aug. 2, giving investors one year to divest shares from the targeted companies. “It’s a cleanup of the U.S. capital and assets—to purge the red assets,” Su Tzu-yun, director of Taiwan’s Institute for National Defense and Security Research, told The Epoch Times. Li Hengqing, a Washington-based China analyst, said the decision reflects a more confrontational approach toward China. “The national strategy that the United States has set up is to engage …