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Biden Signs Narrow China Investing Rules as US Seeks Better Ties

Posted on AllSides August 9th, 2023
From The Left

President Joe Biden signed an executive order limiting US investment in some Chinese firms, part of a push to restrict the country’s ability to develop next-generation military and surveillance technologies that might threaten US national security. The order, announced Wednesday, would regulate US investments in some Chinese semiconductor, quantum computing and artificial intelligence firms. It was signed after almost two years of deliberations in which China hawks argued for faster and more stringent action while others, including the Treasury Department, pushed for narrower measures that would take longer to go...

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