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U.S. Restricts Investment in China

By Ilene
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U.S. Restricts Investment in China

By Jonathan Wolfe, NY Times

President Biden escalated his confrontation with China today by banning American investments in key Chinese tech industries that could enhance Beijing’s military and surveillance capabilities.

The proposed rules would apply to U.S. private equity and venture capital firms investing in quantum computing, artificial intelligence and advanced semiconductors. U.S. firms investing in a broader range of Chinese industries would also be required to report their activity.

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