Biden to curb U.S. investment in Chinese tech sectors

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Biden to curb U.S. investment in Chinese tech sectors

https://www.cbsnews.com/news/biden-curb-us-investment-chinese-tech-sectors/

The move is part of an effort to slow Beijing's development of next-generation technologies that could have military applications.

Biden to curb U.S. investment in Chinese tech sectors

In an executive order expected to be released Wednesday, American companies will be subject to unprecedented new federal oversight that will scrutinize – and potentially prevent – some of their investments in China's tech industry. The goal is to ensure that U.S. cash does not support China's military modernization and potentially threaten the United States.