The United States will continue a Trump-era order barring American investors from financing Chinese military-linked companies, President Joe Biden announced on Oct. 2. “The PRC [People’s Republic of China] is increasingly exploiting United States capital to resource and to enable the development and modernization of its military, intelligence, and other security apparatuses, which continues to allow the PRC to directly threaten the United States homeland and United States forces overseas,” Biden wrote in a letter to House of Representatives Speaker Nancy Pelosi on Tuesday. The executive order that the then-President Donald Trump issued last December blocked investors, including U.S. investment firms and pension funds, from buying shares of Chinese entities that the Department of Defense deemed to be “owned or controlled by” the Chinese military. Biden in June expanded on the scope of the restrictions, tasking instead the Treasury Department to select targeted entities and update on a rolling basis …