Although Washington has frequently stated that it has no interest in “decoupling” from China, President Joe Biden signed an executive order on Wednesday that will restrict and ban high-tech investments from the United States flowing to China.
According to the U.S., Biden’s executive order will restrict American investment in three categories of national security technologies: semiconductors and microelectronics, quantum information technologies, and specific artificial intelligence systems.
It will also designate China as a “country of concern.” Office of the Treasury Following a 45-day comment period, it is anticipated that the guidelines will take effect.
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