In April 2023, the administration of US President Joe Biden prepared unprecedented measures to limit US investment in China. In this respect writer Politico, citing the source.
Officials are nearing agreement on a key effort to curb Beijing’s technological and military rise. Unprecedented rules to curb US investment in China are expected to come out later this month.
Broadcast sources noted that the White House administration has already discussed key issues with entrepreneurs. It is known that businesses will need to make a notification for new investments in technology companies in China. There will also be certain transaction bans in critical industrial sectors, including microprocessors.
The interlocutor of the White House-directed publication added that the government wants to make sure that everything is done correctly in terms of consultations with allies and industry, and only after moving to the decree procedures.
At the end of March, the German newspaper Berliner Zeitung WroteFor Moscow, following the introduction of Western sanctions, new perspectives of cooperation with Beijing opened up. Chinese President Xi Jinping’s visit to Moscow fuels the boom in Chinese investments in Russia.