White House to detail plans restricting some US investments in China FMTNews FMTWorld
The White House is concerned that investments in sensitive technology in China could threaten US national security.
Reuters reported on Friday that President Joe Biden was expected to soon issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. “These are tailored measures,” national security adviser Jake Sullivan said in April. “They are not, as Beijing says, a ‘technology blockade’.”
Most investments captured by the order will require that the government be notified about them, sources have said. Some transactions will be prohibited. Emily Benson, of the Center for Strategic and International Studies , a bipartisan policy research organisation, said she expects investments in artificial intelligence to be prohibited to military users and uses, and that other investments in the sector will only require notification to the government.
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