U.S. Rolls Out Long-Awaited China Investment Restrictions

A rundown of the news making headlines in and around China:

Tech war: Washington has swung another blow in its technology war with China, implementing long-anticipated rules restricting investments and other transactions that people and companies in the U.S. make with Chinese parties in the chip, quantum technology and artificial intelligence sectors. As of Thursday, U.S. citizens, permanent residents, entities organized under U.S. law and their foreign branches are prohibited from engaging in certain transactions and are required to notify the government of certain others in these sectors. The rules, more than a year in the making, are meant to prevent U.S. investments abroad from being used in the development of technologies that pose a national security threat. Even before they were finalized, the restrictions led several prominent investment firms such as Sequoia Capital and Matrix Partners to spin off or rename their businesses in China to avoid running afoul of U.S. regulators.