President Biden recently issued an executive order (“EO”) establishing a framework to regulate certain U.S. investments with a nexus to China, taking initial steps towards what.
The US government’s multibranch effort to implement a new regulatory regime designed to regulate outbound investments based on national security concerns moved forward with the White.
"This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated," the Chinese Ministry of Commerce said.
U.S. Sen. Bob Casey (D-PA) applauded an executive order to screen U.S. investments in national security sectors that are made in countries of concern, including the People’s Republic of China,