The move is part of an effort to slow Beijing's development of next-generation technologies that could have military applications.

In an executive order expected to be released Wednesday, American companies will be subject to unprecedented new federal oversight that will scrutinize – and potentially prevent – some of their investments in China’s tech industry. The goal is to ensure that U.S. cash does not support China’s military modernization and potentially threaten the United States.

  • Buelldozer@lemmy.today
    2·
    1 year ago

    Trump took the loan in 2012 but started a Trade War with them in 2018. A Trade War that Biden has escalated.