Blog: What Biden’s Latest Curbs on China Tech Investments Could Mean
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The U.S. has issued a new order restricting investments by corporations and individuals into China, Washington’s third attempt at limiting tech investments into the country. Photo:VCG
On Aug. 9, U.S. President Joe Biden signed an executive order restricting new investments by corporations and individuals into China. The curbs focus on sectors such as semiconductors, microelectronics, quantum technology, and artificial intelligence (AI). In addition, all pertinent investments must now be reported to the U.S. government. Following this, the U.S. Treasury Department announced it would be seeking public comments on the upcoming detailed implementation rules, indicating potential room for adjustments.
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