Key Republican urges Biden to set broad restrictions on U.S. investments in China

Representative Mike Gallagher, a Republican who heads the select committee on China, wants the Biden administration to "include both private and public market investments flowing to China in new restrictions."

For more than two years, U.S. lawmakers have been pushing the Biden administration to boost oversight of investments by U.S. companies and individuals in China. Gallagher said investments in key sectors relevant to national security and central to China'a technological rise should be restricted and ensure U.S. capital "does not support the ongoing People’s Liberation Army buildup, facilitate the CCP’s human rights abuses or techno-totalitarian surveillance system, or deepen our dependency on in critical supply chains.

He also wants Biden to "consult with allies and partners before implementing new restrictions and urge them to adopt parallel restrictions on investing in China."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hunter Biden investigation: Democrat urges release of Archer transcript to prove Biden innocenceRep. Dan Goldman (D-NY) is urging House Republicans to publish their transcribed interview with Devon Archer, a former business partner of Hunter Biden, arguing the public release would exonerate the Biden administration from any allegations of international influence peddling.
Source: dcexaminer - 🏆 6. / 94 Read more »

Hunter Biden investigation: Joe Biden calls an ‘abuse of soft power,’ Archer saysDevon Archer, Hunter Biden’s former business partner, said in his first interview since testifying before Congress that then-Vice President Joe Biden knew he was meeting with his son’s business partners at multiple dinners and meetings, and that the speakerphone calls between the father and his…
Source: dcexaminer - 🏆 6. / 94 Read more »