Caixin
Aug 10, 2023 06:42 AM
BUSINESS

Biden Signs Narrow China Investing Rules as U.S. Seeks Better Ties

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The restrictions are the latest in a series of U.S. actions that have complicated the Biden administration’s fraught relations with China
The restrictions are the latest in a series of U.S. actions that have complicated the Biden administration’s fraught relations with China

(Bloomberg) — President Joe Biden imposed limits on U.S. 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 U.S. national security.

The order, announced Wednesday, would regulate U.S. investments in some Chinese semiconductor, quantum computing and artificial intelligence firms.

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