Beijing has reacted angrily saying it s gravely concerned about the order. A spokesman for the Chinese Embassy in washington said the curbs seriously undermine the interests of chinese and American Companies and investors. But republicans have said the restrictions don t go far enough. From new york, Michelle Fleury has more. This is a new front in the tech war between two global superpowers. The restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors in china such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital and know how from speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. It would also require firms making investments in a broader range of sensitive Chinese Industries to report that activity. Potentially laying the ground for more restrictions on investments down the road. The regulations aren
the firm s boss, markjackson, said management had left no stone unturned in its attempts to save the business. here in the uk, finally, some positive news on mortgage deals. the largest lender halifax is cutting it s fixed mortgage rates by up to 0.71%. from friday, a five yearfix will drop from 6.10% to 5.39% potentially saving hundreds of pounds for homeowners. 0ther lenders like hsbc, nationwide and tsb have already cut some rates too. so are we at the top of this rise in housing costs? russ mould, is an investment director at aj bell, he joins us now. firstly explain for people why rates are now around the bank of england rate. typically they track half to one percentage point above. but a five year fix is now around the same. what does that suggest?
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