Limiting investment. U.S. President Joe Biden issued an executive order restricting U.S.-based investments in Chinese technology involving semiconductors, quantum computing and AI over national security concerns. In response, a Chinese Foreign Ministry spokesperson said the move was “naked economic coercion and technological bullying.” China’s Ministry of Commerce, meanwhile, expressed concern that the restrictions will disrupt […]
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Daily Memo: US Limits China Tech Investments
The Biden administration cited national security concerns when announcing the move.
