Biden has suggested that China's economy is struggling and its global ambitions have been tempered as the US has reenergized its alliances with Japan, South Korea, Australia and the European Union. / Photo: Reuters Archivebetween the world's two biggest powers, President Joe Biden signed an executive order that would block and regulate high-tech US-based investments going toward China.
Senior administration officials said that the effort stemmed from national security goals, rather than economic interests and that the categories it covered were narrow in scope.
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