This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, national security reporter Anna Edgerton looks at Biden’s order on US investments in China.
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Biden Order Proposes New Restrictions on China Tech InvestmentThe new White House ban on China investment targets critical technologies related to military and internal surveillance capabilities. Leaked secret documents reveal the existence of up to four additional Chinese spy balloons. The order grants Yellen the power to regulate U.S. investment in quantum computing, military-related artificial intelligence, and advanced semiconductors.
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China investment rules pit pro-business Republicans against China hawksAny new oversight or regulation for financial activity overseas would be a break from decades of U.S. policy.
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