WASHINGTON D.C.: The White House is expected to issue orders limiting US investments in China, possibly as early as this week.
However, there has been no acknowledgement of this move by American officials.
Limiting US investment in China is meant to slow the capital flowing into China that has funded military and technological research, seen as detrimental to American national security.
Specifically, Washington is seeking to slow private investments in China’s semiconductor industry, quantum computing and artificial intelligence.
Similar private investments would need US government approval, under the new order.
“We have prohibitions on exporting the technology. We have restrictions on in-bound investment. This will help to plug that gap on funding and know-how and give the government visibility into these capital flows,” noted said Cordell Hull, a former U.S. Commerce Department official, according to Reuters.