US President restricts investments in China's tech sectors, straining US-China ties. Executive order aims at semiconductors, AI, and sensitive technologies
in key technology industries in china. here in hong kong and macau. that could be used to enhance beijing s military capabilities. look, this was long expected and now we know the details. it ll target three sectors, semiconductors and micro tonics. want them information technology. and certain artificial intelligence systems. this means that u.s. private equity joint venture capital and greenfield investments will not be allowed to invest and help china develop technologies that could support its military modernization and undermine u.s. national security. you treasury department released a statement. let me read to you. it says the biden administration is committed to keeping america safe. defending national security through appropriately defending technology is critical to the next military innovation. rosemary, this is a national security action not an economic one.
the world s two largest economies will escalate. president biden as you say signed this executive order banning new american investment in key technology industries in china. here in hong kong and tmacao, i could be used to enhance military capabilities. this was long expected. chinese knew about it, but now we know the details. it will target semiconductors and micro electronics, quantum information technologies and certain artificial intelligence systems. this means they won t be allowed to invest and help chinese businesses develop technologies that could support its military modernization and undermine national security. the u.s. treasury department released a statement that says the biden administration is committed to keeping america safe and defending america s national security through
The United States on Wednesday announced steps to restrict certain US investments in China, targeting high-tech sectors like semiconductors and artificial intelligence a move that could further strain bilateral ties."It's possible that while they're not directly subject to bans, companies will rethink the nature of their investments and that could have a chilling effect on bilateral investment over time," Benson told AFP.
The latest restrictions come shortly after visits by several high-level
India should get F-35 to Counter China : US Military expert – Indian Defence Research Wing idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.