that limits U.S. investment in technology — but stopped short of issuing immediate counter measures.
The Chinese Embassy in Washington called the move by the Biden administration another attempt to "politicize and weaponize trade" between the world's two largest economies. The Chinese Commerce Ministry called upon the U.S. to "respect the market economy and the principles of fair competition" and to "refrain from artificially hindering global trade and creating obstacles that impede the recovery in the global economy."
An editorial photo art illustrating smart city communication networks against the urban landscape in Shanghai.On Wednesday, Biden signed off on the executive order that limits U.S. investment and expertise in semiconductors and microelectronics, quantum computing and certain artificial intelligence capabilities in China, Hong Kong and Macao.
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Biden Order Proposes New Restrictions on China Tech InvestmentThe new White House ban on China investment targets critical technologies related to military and internal surveillance capabilities. Leaked secret documents reveal the existence of up to four additional Chinese spy balloons. The order grants Yellen the power to regulate U.S. investment in quantum computing, military-related artificial intelligence, and advanced semiconductors.
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Biden’s China Investment Order Walls Off Only a ‘Small Yard’This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, national security reporter Anna Edgerton looks at Biden’s order on US investments in China. Sign up here and follow us at bpolitics. Email our editors here.
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China slams Biden's order limiting U.S. overseas tech investment'This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated,' the Chinese Ministry of Commerce said.
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Hunter Biden's business world overlapped with Joe Biden's political worldThe fact that some Biden family confidantes had roles that intersected with both Hunter Biden's business dealings and Joe Biden's political career is significant, considering Joe Biden's repeated claims of having no knowledge of his son's business activities. While Joe Biden now asserts that he was never involved in business with his son, some of his aides cannot make the same claim.
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