Caixin
Aug 11, 2023 03:42 AM
WORLD

Four Things to Know About Biden’s New China Investment Limits

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U.S. President Joe Biden signed an executive order Wednesday to curb U.S. investments supporting China’s development of sensitive technologies
U.S. President Joe Biden signed an executive order Wednesday to curb U.S. investments supporting China’s development of sensitive technologies

The Biden administration introduced new restrictions to block and regulate investments in China going into high-tech sectors including advanced integrated circuits and artificial intelligence amid an intensifying technology war between the world’s two largest economies.

China lodged stern objections with the U.S. over the measures Thursday, the Foreign Ministry said. The Commerce Ministry stressed that China is seriously concerned about the restrictions and “will reserve the right to take measures.”

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