Mr. Biden, presidential decree to limit investment in China early next week = sources | Reuters

2023-08-04 17:27:00

U.S. President Joe Biden is expected to issue a presidential memo early next week restricting investments in China in key technology areas, according to multiple sources familiar with the matter. REUTERS/Jonathan Ernst/File Photo/File Photo

[4日 ロイター] – U.S. President Joe Biden is expected to issue a presidential bulletin early next week restricting investment in China in key technology areas, multiple sources said. He wants to prevent US capital and expertise from accelerating China’s military modernization and technological development that threatens US national security.

A briefing on the situation will be held on the 7th of the week, and a formal announcement is expected on the 8th, according to sources familiar with the matter. However, since the schedule has been pushed back many times, the exact date is unknown.

The executive order is expected to target US private equity (PE), venture capital and joint venture investments in China in the fields of semiconductors, quantum computing and artificial intelligence (AI). transactions may be prohibited.

The new measures will not take effect immediately, and the administration plans to solicit comments.

A spokeswoman for the Chinese embassy in Washington said of the likely restrictions that the United States would “use technology and trade issues politically, using them as tools and weapons in the name of national security. China will closely monitor developments and resolutely defend its rights and interests.

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