The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security.
President Joe Biden has signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips and require government notification in other tech sectors.
The long-awaited order authorizes the U.S. Treasury secretary to prohibit or restrict U.S. investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.
The measure targets private equity, venture capital, joint ventures and greenfield investments. #USinvestment #UnitedStates #China #tech #business
