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Biden plans to sign order curbing US tech investments in China

Biden plans to sign order curbing US tech investments in China

By mid-August, according to media report.

By Staff Writer on Jul 31, 2023 12:36PM

US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, Bloomberg News reported on Friday, citing people familiar with the internal deliberations.

The order would focus on semiconductors, artificial intelligence and quantum computing, Bloomberg reported, adding that it would not affect any existing investments and would only prohibit certain transactions.

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