President Biden signed an executive order initiating a process aimed at restricting U.S. investment in China that involves sensitive technologies over national security concerns.
(Reuters) - While the market mostly shrugged off President Joe Biden's move to prohibit some U.S. technology investments in China, U.S. investors said.
Aiming to protect national security and prevent U.S. capital and expertise from aiding China s military modernization, Biden this week issued an executive order barring some new U.S. investments in China in sensitive technologies including computer chips, while regulating others.
While the market mostly shrugged off
President Joe Biden s move to prohibit some U.S. technology
investments in China, U.S. investors said they were worried
Beijing would retaliate or pull back from. -August 11, 2023 at 12:01 am- MarketScreener