People familiar with the matter revealed that US President Biden is expected to issue administrative orders early next week to screen sensitive technology investment flowing to China.The White House spokesman refused to comment.
Reuters reports that the goal of this administrative order is to prevent US investment and professional knowledge from accelerating China's military modernization technology research and development and threaten US national security.
It is expected that administrative orders will be targeted at US private equity, venture capital, as well as semiconductors, quantum computing and artificial intelligence (AI) investment in China.Sources said that most investment covered by administrative orders must be notified that the US government will be banned.
Former US Department of Commerce Herr said: "This administrative order can repair a loophole in our existing mechanism. We have a technical export ban. We have domestic investment restrictions, which will help block funds and technology.The gap gap, and let the government see the flow of funds in this area. "
New regulations are expected to not take effect immediately, and the US government will solicit opinions on proposals.The White House has held multiple meetings with the stakeholders and conducted consultations with allies.
U.S. Treasury Minister Yellen talked about related issues when meeting with Chinese officials in July. She said at the briefing meeting after the end of the visit to China that potential restrictions were highly targeted and clearly pointed.It is limited to a few areas that we have specific national security concerns. "
Two sources expect the administrative order briefing will be held next Monday (7th) and officially announced on Tuesday (8th) next Tuesday (8th).However, the timetable of this administrative order has been changed many times, and this time it may be changed.
