US to tighten rules on US investment in China

WILMINGTON, Delaware (AP) — The Joe Biden administration is set to tighten rules for some of the investments made by U.S. companies overseas, in an effort to limit China’s ability to acquire technology that could improve its military prowess, according to a US report. official informed of the deliberations.

The executive order soon to be issued by Biden will limit U.S. investment in cutting-edge technologies that have national security applications, such as next-generation military capabilities that could help China improve the speed and accuracy of shooting. military decision, according to the official, who He requested anonymity during statements.

The planned move marks the White House’s latest effort to specifically target China’s military and technology sectors at a time of heightened tensions between the world’s two largest economies.

In October, the Biden administration imposed export controls to limit China’s ability to access advanced microprocessors it says can be used to make weapons, violate human rights and improve security. speed and accuracy of military logistics from Beijing.

The complicated relationship between the United States and China has become more strained in recent weeks after the US government shot down a Chinese spy balloon that was flying over US territory last month.

The Biden administration has also released disturbing findings from US intelligence, saying Beijing is considering supplying Russia with weapons for its war in Ukraine.

Tensions were on full display as the heads of diplomacy from the Group of 20 industrialized and developing countries wrapped up a contentious meeting in New Delhi on Thursday with no consensus on the war in Ukraine, with concerns over China’s growing global influence having dominated much of the conversation.