Stronger Investment Curbs Are Needed to Counter China, McCaul Says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

House Foreign Affairs Committee Chairman Michael McCaul says Congress needs to tighten restrictions on US firms’ investment in China beyond those proposed by President Joe Biden earlier this summer, as recent breakthroughs in Chinese technology have spurred debate over the effectiveness of Washington’s controls.

The Texas Republican sees a path forward that builds on two legislative efforts: imposing sanctions against individual Chinese firms and curbing spending on a sector-wide basis.

“I think we can go down that list, sector by sector, and prohibit the sale rather than just notification,” McCaul told Bloomberg News in an interview at the Texas Tribune festival. “Put the sanctions piece in, and then we got a really strong countering-China bill.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Coherent in talks with Japanese firms for silicon carbide investment-sourceBy Milana Vinn NEW YORK (Reuters) - Coherent Corp, a major U.S. supplier of materials used to make chips for the automotive industry, has attracted ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

How can I convince my company parental leave top-ups are a good investment?My company doesn’t currently offer them and, as the business is doing well, I think they can afford it
La source: timescolonist - 🏆 15. / 75 Lire la suite »

Iraq Leader Says He’s Meeting With US Companies in Gas Investment PushIraqi Prime Minister Mohammed Shia Al-Sudani said he’s meeting with dozens of American companies as part of a push for more investment in the gas sector.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Dale Jackson: The benefits of a global investment portfolioIn the wake of the annual G20 summit, the Business Council of Canada is calling on Ottawa to improve trade relations with India.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »