President Joe Biden signed an executive order on August 9 to regulate and limit high-tech U.S. investments in China, particularly focused on areas like advanced computer chips, microelectronics, quantum tech, and AI. The order aims to curb China’s use of U.S. investments to advance its military capabilities while preserving economic trade ties. The move reflects escalating competition between the two powers and follows Biden’s strategy of strengthening alliances to counterbalance China. While officials stress the order’s focus on national security, critics push for tougher measures. China’s Commerce Ministry expressed concern and reserved the right to respond. Foreign investment in China has declined amid tighter controls and economic shifts.
Biden signs an executive order limiting US investments in Chinese technology.
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