In view of national security interests, the United States has imposed a partial ban and restrictions on some investments in China – a presidential decree to this effect was signed on Wednesday. Joe Biden.
Based on the decree, US interests are prohibited or subject to reporting obligations on certain technologies with the “relevant countries” listed in the decree, which are identified as the People’s Republic of China, as well as Hong Kong and Macau.
According to the legislation, affected technologies and products include semiconductors and microelectronic products, quantum information technologies, and some artificial intelligence (AI) systems.
According to a statement issued by the White House and the US government
We are committed to America’s security and protecting our national security by protecting next-generation technologies that are vital to military innovation.
Regarding the decree, government officials stressed on Wednesday that restricting Chinese investments specifically serves national security interests and is not an economic policy measure. According to the statement, this move affects a narrow set of products and technologies, through which national security interests can be protected in addition to maintaining the United States’ commitment to an open investment policy.
(MTI)
