The Epoch Times
President Joe Biden on Aug. 9 signed an executive order to begin the process of restricting high-tech U.S.-based investments going toward China in the areas of artificial intelligence, quantum technology, and semiconductors.
The executive order, which is likely to take effect next year following a comment period, will authorize the Treasury secretary to regulate U.S. investments into Chinese technologies deemed to affect national security, according to senior administration officials.
The president, in the order, declared a national emergency in relation to the “unusual and extraordinary threat” posed by “countries of concern” that are using sensitive technologies to advance their military and intelligence capabilities. It added that U.S. investments “risk exacerbating this threat…
