Biden to Restrict Investments in China, Citing National Security Threats

[dalton99a]

https://www.nytimes.com/2023/08/08/business/economy/biden-china-companies-restrictions.html
https://archive.ph/kxarP

Biden to Restrict Investments in China, Citing National Security Threats
The measure to clamp down on investments in certain industries deemed to pose security risks, set to be issued Wednesday, appears likely to open a new front in the U.S.-China economic conflict.
By Ana Swanson
Aug. 8, 2023 Updated 9:58 p.m. ET

The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing.

The measure would be one of the first significant steps the United States has taken in its economic clash with China to clamp down on financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come.

The restrictions would bar private equity and venture capital firms from making investments in certain high-tech sectors, like quantum computing, artificial intelligence and advanced semiconductors, the people said, in a bid to stop the transfer of American dollars and expertise to China.

It would also require firms making investments in a broader range of Chinese industries to report that activity, giving the government better visibility into financial exchanges between the United States and China.

“There is mounting evidence that U.S. capital is being used to advance Chinese military capabilities and that the U.S. lacks a sufficient means of combating this activity,” said Emily Benson, the director of project on trade and technology at the Center for Strategic and International Studies, a Washington think tank.

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[yaesu]

1. Good, just the beginning. We should eventually break all economic ties with China. nt

[Amishman]

3. absolutely, China is not our friend.

Cut ties, limit technology transfer, and do everything our their power to stop their espionage - both corporate and government.

[Alexander Of Assyria]

4. Economic suicide. No thanks! What where would Walmart shoppers go??

Just today the world markets coughed on bad trade economic news, as China is as much powering the world economy as any…ask NZ and Australia!

[ffr]

2. We have a lot to do with supporting the Chinese economy and they're less than greatful.

Especially when cosying up with Putin, their disgusting murderous neighbor.

[lpbk2713]

5. Hit em where it hurts.

In the pocketbook.

[BlueWavePsych]

6. Get 'em!