WASHINGTON : The Biden administration is considering a pilot program to address risks about outbound investment in China, Commerce Secretary Gina Raimondo said Thursday.
"There are a lot of U.S. pension funds invested in China and people's retirement money. You certainly don't want do anything that has an unintended consequence," Raimondo said."You don't want to be overly broad.... Anything that's overly broad hurts American workers and the economy." Raimondo told Reuters after the forum that it was not clear when the administration will finalize any outbound investment restrictions. She thinks a pilot project is doable."It makes sense to walk before you run because getting it wrong has consequences we want to avoid," Raimondo told Reuters.
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