U.S. Treasury Department Limits Investments in China's Military Technology
New Regulations on Investments
The U.S. Treasury Department issued a rule this week seeking to limit U.S. investments in China's military technology sector. Here’s what you need to know:
- Scope: The rule specifically targets investments in artificial intelligence, semiconductors, and quantum computing.
- Objective: The goal is to monitor and restrict American capital flow to these sectors to prevent any potential advantages for the Chinese military.
Background of the Rule
This measure is part of a larger strategy initiated by President Joe Biden through an executive order issued in August 2023. The administration aims to safeguard U.S. technological advantages while maintaining national security.
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