CXSE - White House plans to restrict some U.S. investments in China
2023-08-09 05:11:32 ET
Sino-U.S. tensions continue to escalate with plans from the Biden administration to issue new restrictions on American investments in certain advanced industries in China.
While the U.S. will say they are "necessary to protect national security," Beijing is likely to cite this as another instance of "politicizing and weaponizing trade and tech issues."
The measures, set to be announced today, would bar private equity and venture capital firms from making investments in sectors like advanced semiconductors, artificial intelligence and quantum computing, as well as implement new reporting standards.
The Chinese government has long restricted certain foreign investments by individuals and firms, but the economic measures could rattle Beijing at a time when it's already feeling the fallout from a deflationary spiral .
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White House plans to restrict some U.S. investments in China