China, such as Quantum Computing, Artificial Intelligence and advanced semi conductors. The goal is to stop us capital and know how from speeding up the developments of technology that could help china for developing weapons for use against america in a military conflict. It would 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 arent expected to take effect right away, and there will be a Public Comment period so businesses can weigh in on the proposals. China is the worlds second biggest economy. A vital market for american companies. And the concern expressed by some us execs may explain why this order, which was expected back in february, hasnt been release untilled now. Until now. A Senior Administration official described the move as saying that this is a National Security action, not an economic one. Adding that us is not d
As it could have been, certainly not as restrictive as the rumours suggested it would be when the Administration First announced announced it was considering Something Like this. You know, it really only targets new investments into chinese firms, and only chinese firms that derive more than 50 of their revenue from sensitive sectors like ai, quantum computing, and advanced semiconductors. And that is far more narrow than we couldve seen because last october, the administration talked about a broader range of industries that were National Security sensitive and would require either Export Controls or some sort of investment restriction, or both. As michelle mentioned, businesses get a say in this what kind of reaction are you expecting from American Companies . Well, American Companies that have been investing in these will not like this and will push back, and try to seek implementation that is as narrow as possible. Itll be a back and forth conversation, im sure, and ultimately the a
to the price recovery is still distant. due to the price change, - recovery is still distant. die: to the price change, we re struggling a lot. of course, we have to put the price up for the surf lessons and for the accommodation. but still, we pay quite a lot of money for the electricity bill and you know, for other basic needs. crowded beaches and busy hotels are promising signs for sri lanka s tourist trade its biggest foreign currency earner. tourism revenues are up 30% from last year. earner. tourism revenues are up 3096 from last year. earner. tourism revenues are up 3096 from last year. when i came last year. 3096 from last year. when i came last year. there 3096 from last year. when i came last year, there were 3096 from last year. when i came last year, there were a 3096 from last year. when i came last year, there were a few - last year, there were a few shops open. and there were almost no people. to see now, the difference it s amazing. so many new places ope
brought describe very to a standstill. but the country is slowly getting back on track. much of the recovery is generated by tourism, which is one of the main sources of revenue for the country. the tide has begun to turn in sri lanka. the pristine beaches are again buzzing with surfers waiting to catch the perfect wave. in this town on the eastern coast of sri lanka, the peak of the economic crisis coincided with their main tourist season, hitting local businesses hard. and this surfing destination is still picking up the pieces. this surfing instructor is back to giving daily lessons to tourist a respite from last year when the economic crisis forced him into fishing to support his family. but he says a full recovery is still distant. due
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