Biden warned in the executive order that certain American investments may contribute to “the development of sensitive technologies and products in countries that develop them to counter United States and allied capabilities.”Beijing stops short of immediately issuing counter measures, but said it "reserves the right" to respond.
regulating fresh U.S. investment in technology — but stopped short of issuing immediate counter measures. "China expresses its grave concern and reserves the right to implement measures," the Chinese Commerce Ministry said in the statement, according to a CNBC translation.
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Biden issues order curbing U.S. investment in Chinese tech sectorsNEW from Olivia_Gazis & I — The Biden Administration is expected to announce today an executive order that would limit US investment in sensitive Chinese tech sectors, like semiconductors and AI.
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Biden signs executive order restricting investment in Chinese tech companies | EngadgetPresident Joe Biden signed an executive order that puts new limits on American investment in certain types of Chinese tech firms..
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