Biden expected to tighten rules on US investment in China

The soon-to-be-issued executive order from President Joe Biden will limit American investment in advanced technologies that have national security applications — such as next-generation military capabilities that could help China improve the speed and accuracy of military decision making, according to the official, who was not authorized to comment and spoke on the condition of anonymity.

'Administration officials have been consulting with allies as they've worked on formulating the new regulations on US investment, according to the official.The Wall Street Journal first reported on Saturday that the Treasury and Commerce departments delivered reports to lawmakers on Friday detailing plans for the new regulatory system to address US overseas investment in advanced technologies.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marcos taps telecom CEO as PH special envoy to China for trade, investment, tourismPresident Ferdinand “Bongbong” Marcos Jr. appointed Maynard Ngu, the man behind the local cellphone brand Cherry Mobile, as the country’s Special Envoy to the People’s Republic of China for Trade, Investment and Tourism. 👏👏👏👏👏
Source: manilabulletin - 🏆 25. / 51 Read more »

China looks to consumers to drive economic rebound | Joe Mcdonald / AP Business WriterBEIJING—Chinese leader Xi Jinping’s agenda for the annual meeting of the ceremonial legislature: Revive the economy by encouraging consumers to spend more now that severe anti-virus controls have ended, and install a government of loyalists to intensify Communist Party control over the economy and society. Xi, China’s most powerful figure…
Source: BusinessMirror - 🏆 19. / 59 Read more »