White House Refining Executive Order Banning American Companies From Investing In Key Chinese Sectors

President Joe Biden is poised to sign an executive order that would prohibit American companies from investing in Chinese firms involved with developing sensitive technologies.

The nation’s leadership has grown increasingly concerned over Chinese aggression after a spy balloon traversed the country last week. The White House has largely finished preparations for an executive order that would ban American funds from enabling the development of Chinese advanced semiconductors, quantum computing, artificial intelligence, and other technologies with surveillance and military applications, according to a report from The New York Times.