Posted on Aug 9, 2023
White House to detail plans restricting some U.S. investments inChina: source
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"The New York Times reported on Tuesday that the Biden administration plans to require firms making investments in a broader range of Chinese industries to report that activity, which will give the U.S. government great visibility into financial transactions between the United States and China."
White House to detail plans restricting some U.S. investments inChina: source
Posted from cnbc.com
White House
China
Investing
Posted 9 mo ago
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LTC Eugene Chu
..."The plans are aimed at preventing U.S. capital and expertise from helping develop technologies that could support China’s military modernization and threaten U.S. national security.
Reuters reported on Friday that President Joe Biden was expected to soon issue the long-awaited executive order to screen outbound investments in sensitive technologies to China this week.
The senior government source said that order is expected Wednesday. The White House declined to comment on Tuesday.
The administration is expected to target active investment such as U.S. private equity, venture capital and joint venture investments in China in semiconductors and microelectronics, quantum computing and artificial intelligence.
Most investments captured by the order will require that the government be notified about them, sources have said. Some transactions will be prohibited.
Biden administration officials have stressed for months any restrictions on U.S. investment in China will be narrowly targeted."
..."The plans are aimed at preventing U.S. capital and expertise from helping develop technologies that could support China’s military modernization and threaten U.S. national security.
Reuters reported on Friday that President Joe Biden was expected to soon issue the long-awaited executive order to screen outbound investments in sensitive technologies to China this week.
The senior government source said that order is expected Wednesday. The White House declined to comment on Tuesday.
The administration is expected to target active investment such as U.S. private equity, venture capital and joint venture investments in China in semiconductors and microelectronics, quantum computing and artificial intelligence.
Most investments captured by the order will require that the government be notified about them, sources have said. Some transactions will be prohibited.
Biden administration officials have stressed for months any restrictions on U.S. investment in China will be narrowly targeted."
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While he’s at it (allegedly), put farm land surrounding military installations, huge farm plots, anything to do with US utilities production, etc., off limits as well.
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