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Biden to Restrict Investments in China, Citing National Security Threats (www.nytimes.com)

submitted 2 years ago by [email protected] to c/[email protected]

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The measure to clamp down on investments in certain industries deemed to pose security risks, set to be issued Wednesday, appears likely to open a new front in the U.S.-China economic conflict.

The restrictions would bar private equity and venture capital firms from making investments in certain high-tech sectors, like quantum computing, artificial intelligence and advanced semiconductors, the people said, in a bid to stop the transfer of American dollars and expertise to China.

It would also require firms making investments in a broader range of Chinese industries to report that activity, giving the government better visibility into financial exchanges between the United States and China.

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[–] [email protected] 2 points 2 years ago

The US woke up to china's BS about a decade too late and is now scrambling to make changes without damaging any body's income stream.

Pretty funny to watch