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‘Xi Jinping is preparing for war’: China hawk in Congress pushes new investment restrictions

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President Joe Biden has taken a number of steps to prevent the flow of strategic U.S. technologies to China, but some in Congress feel that he hasn...

President Joe Biden has taken a number of steps to prevent the flow of strategic U.S. technologies to China, but some in Congress feel that he hasn’t done enough.

Wisconsin Rep. Mike Gallagher, the Republican chairman of the House Select Committee on the Chinese Communist Party, said Monday that he is not confident that the Treasury Department will be aggressive enough in implementing new restrictions on U.S. investment in Chinese companies working with militarily applicable advanced technologies that Biden proposed last month.

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'Xi Jinping is preparing for war.' China hawk in Congress pushes new investment restrictions.President Biden has taken a number of steps to prevent the flow of strategic U.S. technologies to China, but many in Congress feel that he hasn't done enough.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »