New rules ready for US investment in china, some areas may face restrictions
According to reports, the US government may block some investments as well as possibly collect information on other investments given the risks in the future.
The ongoing cold war between America and china is not hidden from anyone. There have been many reports regarding American investment in China. At the same time, a report has said that the US government is preparing a new program that may restrict US investment in some areas of China. In reports provided to lawmakers on Capitol Hill on Friday, the US Treasury and Commerce departments said they are considering a new regulatory system to address US investments in advanced technologies abroad.
According to reports, the US government may block some investments as well as possibly collect information on other investments given the risks in the future. The reports did not mention specific technology areas the Biden administration considered risky. In the report given to lawmakers, it was mentioned that according to The Wall Street Journal report, new rules have been drawn up regarding areas that could advance the military capabilities of rivals. And US officials want to prevent US investors from providing money and expertise to Chinese companies that could improve the speed and accuracy of Beijing's military decisions.
Will focus on preventing American capital and expertise from being exploited in ways that threaten our national security while not placing undue burdens on American investors and businesses, according to the US Treasury Department report.
The report did not mention the names of countries that would be placed under the new rules. However, people familiar with the matter expect the Biden administration's work on the new rules to deal largely with US investments in china in practice.
