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WASHINGTON, USA – Commerce Secretary Gina Raimondo said Wednesday, May 8, she expects rules to implement US outbound investment restrictions on China will be completed by the end of the year. Raimondo said at a US House hearing she expects Treasury to complete the rules by the end of 2024. Commerce is “helping them to figure out which pieces of AI should we be most worried about, which kinds of companies should we be most worried about?”Biden’s order aims to prevent American money and expertise from helping China develop technologies that could support its military modernization. “We can’t let them have our money and know-how,” Raimondo said.