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The Republican chair of the House select committee on China said on Wednesday the panel's top priority is legislation restricting U.S. investment in China to stop U.S. investors from "funding our ...
The new US restrictions may endanger cross-border deals in future. ... US investment in China was already drying up. “Tensions between the countries had already pressured US [venture capital ...
The US maintained embargoes against China from the inception of the People's Republic of China in 1949 until 1972. An embargo was reimposed by the US following the 1989 Tiananmen Square protests and massacre. From 2020 onward, the US imposed sanctions and visa restrictions against several Chinese government officials and companies, in response ...
The Biden administration warned Beijing of its plans to update rules that curb shipments of AI chips and chipmaking tools to China as soon as early October, a U.S. official said, a policy decision ...
According to some U.S. semiconductor firms, the new export controls will have "negative ripple effects" on future investment in research. They cite a decrease in sales to China and a congested supply chain which in turn reduces revenues, thereby reducing capital previously allocated to fund research for the next generation of chips or equipment.
Both the U.S. and China have cited national security concerns in imposing restrictions on trade and investment, and American businesses have at times been caught in the middle. Beijing has objected strenuously to Washington's moves to hike tariffs on Chinese-made products and limit Chinese access to advanced technologies, including leading-edge ...
During a Foreign Ministry forum on US-China relations, he urged the Biden administration to lift the sanctions on trade and people-to-people contact, while asking it to stop interfering in China's internal affairs. [227] March 18–19: High level talks took place in Anchorage, Alaska to discuss key geopolitical disagreements. [228] [229]
The executive order, which was first reported by The New York Times, is narrow and targeted, and comes amid growing tensions with China. It includes restrictions on U.S. investments on high-tech ...