The soon-to-be-issued executive order from President Joe Biden will limit American investment in advanced technologies that have national security applications.
WILMINGTON, Del. — The Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China's ability to acquire technologies that could improve its military prowess, according to a U.S. official familiar with the deliberations.
In October, the Biden administration imposed export controls to limit China’s ability to access advanced chips, which it says can be used to make weapons, commit human rights abuses and improve the speed and accuracy of its military logistics. Meanwhile, China this past week blasted the new House Select Committee on the Chinese Communist Party after it held its first hearing on countering Beijing's influence. Foreign Ministry spokesperson Mao Ning demanded its members “discard their ideological bias and zero-sum Cold War mentality.”
A White House National Security Council spokesperson declined to comment on the Treasury and Commerce reports, but noted that administration officials have kept Congress apprised on its progress in crafting an approach to overseas investment.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
First lady Jill Biden offers insight into her marriage with President BidenJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House
Weiterlesen »
First lady Jill Biden offers insight into her marriage with President BidenJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House
Weiterlesen »
First lady Jill Biden offers insight into her marriage with President BidenJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House
Weiterlesen »
First lady Jill Biden offers insight into her marriage with President BidenJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House
Weiterlesen »
First lady Jill Biden offers insight into her marriage with President BidenJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House
Weiterlesen »
Jill Biden offers insight into her marriage with President Biden | CNN PoliticsJill Biden, who has been married to the president for nearly 46 years, has long said she's not an adviser to her husband, but she is his most trusted partner and wields a significant amount of influence within the White House.
Weiterlesen »