President Joe Biden’s administration detailed new rules Wednesday limiting US investments in advanced technology industries in China in an effort to protect national security at a moment of heightened tension with Beijing.
In a sign of growing strains between the world’s two biggest powers, President Joe Biden signed an executive order Wednesday that would block and regulate high-tech U.S.-based investments going toward China.
Senior administration officials said that the effort stemmed from national security goals, rather than economic interests and that the categories it covered were narrow in scope
US President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China -- a move Beijing blasted as being "anti-globalization".
The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalates a conflict pitting the world’s two largest economies against each other.
The executive order, aimed at slowing Beijing’s military development, represents the first time Washington has exerted broad oversight on American business overseas.
In a sign of growing strains between the world's two biggest powers, Biden has signed an executive order to block and regulate U.S.-based investments going toward China for computer chips, micro electronics, quantum technologies and AI.
The administration plans to announce an executive order on Wednesday restricting U.S. investment in some Chinese industries such as quantum computing and AI.
President Joe Biden imposed limits on US investments in China as part of a push to restrict the country’s ability to develop next-generation military and surveillance technologies that might threaten US national security.
The order, the product of a two-year internal debate, proposes a rule banning U.S. investment in three categories of Chinese companies: quantum computing, artificial intelligence related to military uses, and advanced semiconductors.
In a sign of growing strains between the world’s two biggest powers, President Biden plans to sign an executive order Wednesday that would block and regulate US-based investments going toward China for advanced computer chips, micro electronics, quantum information technologies, and artificial intel…
The executive order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Officials cited national security, rather than economic interests.
Americans will be restricted from investing in China's semiconductor and artificial intelligence industries. The White House cited national security, but it comes amid a push to revive domestic high-tech manufacturing.
President Biden signed an executive order Wednesday restricting U.S. investment into Chinese technology. The new rules make it harder for Americans to invest in quantum computing and semiconductors.
“This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated,” the Chinese Ministry of Commerce said.
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Biden issues executive order restricting US investments in Chinese technology | Since Then
