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MNI BRIEF: US To Restrict Sensitive Investments In China

MNI (Beijing)

U.S. President Joe Biden has signed an executive order to ban certain U.S. investments in China, according to a treasury department announcement on Wednesday.

The measures will prohibit U.S. persons from investments in China involving sensitive technology such as semiconductors, quantum information technologies and artificial intelligence. The Treasury department press release said policymakers had decided on “narrowly targeted action which complements our existing export control, protecting our national security while maintaining our commitment to open investment.”

The China, U.S. relationship remains challenging despite recent high level US visits to Beijing, a Chinese international relations expert told MNI recently. (See: MNI INTERVIEW: China-US Face Challenges Despite Thaw - Expert - Bonds & Currency News | Market News) China’s exports to the US fell 18.6% during the first seven months of 2023, according to data released on Wednesday. (See: MNI BRIEF: China Jul Exports Down, Imports Dive - Bonds & Currency News | Market News)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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