Biden to curb U.S. investment in Chinese tech sectors
Biden to curb U.S. investment in Chinese tech sectors
The move is part of an effort to slow Beijing's development of next-generation technologies that could have military applications.
In an executive order expected to be released Wednesday, American companies will be subject to unprecedented new federal oversight that will scrutinize – and potentially prevent – some of their investments in China's tech industry. The goal is to ensure that U.S. cash does not support China's military modernization and potentially threaten the United States.
About a decade late.
Good to see legislation that puts safety over corporate profit.
Wait- don’t republicans constantly go off about how Biden is in bed with China?
They are stupid if they do. Biden has taken what Trump was doing and turned the volume way WAY up. The escalating Trade War with the United States is a big reason why the Chinese economy is stumbling.
Investing in US allies is just fine tho