Biden plans to curb investment by U.S. firms in Chinese tech - NYT

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Biden administration is poised to introduce new restrictions on U.S. companies funding the development of advanced computing technologies in China, the New York Times reported on Thursday.

, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment, in its bid to slow Beijing's technological and military advances.

It has also been working on curbs to investments by U.S. firms for months and the measures are now largely complete and could be issued within two months, theIt added that the Treasury department had reached out to other governments, as well as the European Union, to try to ensure they do not provide similar financing to China after the U.S. cuts it off.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I think China is now become the World Super Power Thats why America blames daily to China China set the new world order

Man! What a hideous two years the world have with this dem's administration,and I thought that the Obama's 'Arab spring' was a disaster. Dems are officially radical left inside the US and warmongers outside the US

Shooting down spy balloons. Restricting investments. Exactly what a “pro-China” secret commie would do, right?😅

This rolled-out cadaver as the face of the capitalism people farm says it all really.

Biden does whatever his khazar cabinet tells him to.

Or, instead of further punishing American investors and consumers, he could reduce regulation and taxes that make it cheaper to invest overseas

freedom? no authoritarianism wrapped in lies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

James Comer demands records from James and Hunter Biden on Chinese business dealsThe Republican-led House Oversight and Accountability Committee demanded records from President Joe Biden’s son, Hunter, and from the president’s brother, James, related to the duo’s overseas dealings with Chinese intelligence-linked businessmen. And when request is refused then what? You slept when Trump and Kushner had business deals with Saudi Arabia, but foam at the mouth over Biden and China. You are all hypocrites. Good luck with that.
Source: dcexaminer - 🏆 6. / 94 Read more »