World |
Biden signs order restricting tech investment in China despite "no-decoupling" pledge | |
|
|
U.S. President Joe Biden walks on the South Lawn at the White House in Washington, D.C., the United States, on May 10 (XINHUA) Biden's executive order will designate China as a "country of concern," and the rules are expected to go into effect following a 45-day comment period. U.S. President Joe Biden signed an executive order on August 9 that would block and regulate high-tech U.S.-based investments going toward China though Washington said repeatedly that they have no interest in "decoupling" from China. Biden's executive order will designate China as a "country of concern," and it will limit American investments in three categories of national security technologies: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems, according to the U.S. Treasury Department. The rules are expected to go into effect following a 45-day comment period.
|
|
||||||||||||||||||||||||||||||
|