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
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
A long way off. As i travelled across the Island Nation from the coastal Fishing Towns to vibrant tourist hubs and central farmlands, i saw how the harsh economic realities have forced sri lankans to make tough choices. These are their stories. You like going to the sea . Yes, i like this. First, the shortages and then, a cut in the Government Subsidy has meant fuel is three times more expensive than last year, raising the risks forfishermen. Theres no guarantee they can cover expenses on every fishing trip. More than 250km south on the islands coast in arugam bay, The Tide Is Turning for some. Tourism is riding the first waves of recovery. 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. I started surf school a long time ago, so therefore, i had some savings, so, i put my whole savings to i had a dream that i want to set u
Those who have been displaced select wasnt of some of the governor had to say. Its select wasnt of some of the governor had to say. Governor had to say. Its a heartbreaking governor had to say. Its a heartbreaking day, governor had to say. Its a | heartbreaking day, without governor had to say. Its a i heartbreaking day, without a doubt. What we think that has been catastrophic but we tell you there is going to be a team effort to bring our state back. What we saw was the utter devastation of lahaina. We walked from end to end today as a team, mayor bessant for the county, Senator Schatz, federal level and myself, plus all of our teams and what we saw was likely the largest Natural Disaster in hawaii state history. You will recall in 1960 we had one year into statehood a tsunami that hit and took 61 lives on the big island. We are seeing loss of life here. As you know, the number has been rising and we will continue to see but we have extraordinary professionals working on the job. We
More than 50 people have been detained in pakistan for protesting against ex Prime Minister imran khans three Year Prison Sentence for corruption. Now on bbc News Sri Lanka aftermath of a crisis. On the surface, it seems calm has returned to sri lanka. This Seaside Expanse in colombo that was the site for months long protest is now bustling with locals and tourists enjoying a day out. Long queues have gone, food and medicine shortages have eased, and the government is making tough choices to get the economy back on track. But the Real Recovery in the lives of average sri lankans is still a long way off. As i travelled across the Island Nation from the coastal Fishing Towns to vibrant tourist hubs and central farmlands, i saw how the harsh economic realities have forced sri lankans to make tough choices. These are their stories. You like going to the sea . Yes, i like this. First the shortages and then a cut in the Government Subsidy has meant fuel is three times more expensive than las