Biden Scales Back Crackdown On U.S. Investments In China
View Source | March 2, 2023 5:37 pm
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- President Joe Biden is anticipated to sign an executive order that will be less restrictive on U.S. investments in China than expected, prioritizing transparency over restriction, according to Politico.
- While the order may prevent new U.S. investment in China’s advanced semiconductor industry, investment probably will not be blocked for any other Chinese tech sectors, Politico reported.
- The executive order will instead be expected to require U.S. companies to notify federal authorities about their dealings in industries such as quantum computing and artificial intelligence, according to five sources with knowledge of the discussions.
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