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Five Things You Need to Know to Start Your Day

Members of the People's Liberation Army march at the Ngong Suen Chau Barracks in Hong Kong in 2015.
Photographer: Justin Chin/Bloomberg

Trump signs another executive order on China. Three major central bankers express concern about the economy. And China points the finger at Australia.

Donald Trump signed an order prohibiting U.S. investments in Chinese firms determined to be owned or controlled by the country’s military, the latest bid by the White House to pressure Beijing over what the president has described as abusive business practices. China is “increasingly exploiting” U.S. capital for “the development and modernization of its military, intelligence, and other security apparatuses,” according to the executive order. Meanwhile, Trump's support for Beijing's critics in Taiwan and Hong Kong presents an early test for President-elect Joe Biden. And this weekend, China joins 14 other Asia-Pacific nations in the aim of clinching the world’s largest free-trade agreement, the culmination of Beijing’s decade-long quest for greater economic integration in the region.