![]() ![]() “This is a national security action, not an economic one. Officials announcing the step repeatedly emphasized their goal was to limit US capital from aiding China’s military – not to damage China’s economy. Long in the works, the new restrictions are meant to prevent American knowledge and money from flowing to China and to tighten the amount of cutting-edge technology available to the Chinese military. The rules will be subject to a public comment period. ![]() The new rules would place restrictions on investments by US private equity and venture capital firms, as well as joint ventures, in Chinese artificial intelligence, quantum computing and semiconductors. President Joe Biden’s administration detailed new rules Wednesday limiting US investments in advanced technology industries in China in an effort to protect national security at a moment of heightened tension with Beijing. ![]()
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