"Biden Restricts U.S. Investment in China; Biden’s order will also require U.S. private-equity and venture-capital firms to disclose certain investments" - WSJ - SCW Newswatch
The Wall Street Journal reports on a new executive order limiting American investment in China relating to certain advanced technologies.
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"The U.S. will prohibit Americans from investing in some Chinese companies developing advanced semiconductors and quantum computers starting next year, escalating Washington’s efforts to prevent Beijing from producing cutting-edge technology for its military. ... The move could unsettle fragile ... diplomatic relations .... Beyond banning new private-equity, venture-capital and joint-venture investments in advanced semiconductors and quantum computers, [a Wednesday] executive order will also require Americans doing business in China to inform the U.S. government about direct investments in artificial intelligence and other types of semiconductors. Washington is increasingly concerned that Beijing could use American technology and know-how to develop weapons that could be used against the U.S. in a military conflict. ..."
Key Words: Biden, China, Trade, Tech, Technology, AI, Artificial Intelligence, Investment, Business
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