Biden approaches China's investment restrictions with caution
Image Source:- foreignpolicy President Joe Biden of the United States signed an executive order last week that started the process of imposing limitations on American investment in China's semiconductor, quantum information, and artificial intelligence industries. The U.S. Treasury Department's proposed rulemaking that would limit some investments in Chinese technologies and require notification was included with the executive order. Cooler heads prevailed, restricting the draft regulations' application to these three areas and giving priority to restrictions on military applications of these technologies, despite hawks in Congress pressuring the administration to approve broader prohibitions on such investments. The U.S.-China tech conflict will also heat up if China's technology industry is subject to even minimal restraints. The administration's overarching plan, which includes blacklisting hundreds of companies, preventing the sale of vital technologies, and ...