Source: Bloomberg
Author: Daniel Flatley
U.S. President Biden is limited to investing in China in a specific field, and this plan may become the gospel of American intelligence agencies.
According to the administrative order signed last week, companies that plan to invest in sensitive Chinese technology such as semiconductors, quantum computing and artificial intelligence must share details with the government.In this process, Chinese economic intelligence will be provided with the asks for the American spy agency.
"In the past, it was a carrot. Now the big stick comes out," said Arnold & Porter partner, Deborah Curtis, said that she had served as the Deputy General Law of the CIA in charge of litigation and investigation in the US Central Intelligence Agency (CIA).
Curtis said that any new information that investors eventually need to provide will help the American intelligence community to adjust its traditional spy goals, including focusing on new technologies that may pose a threat to national security.
"These walls must be pushed, because new large -scale killing weapons are high -tech," she said in an interview."No longer the past, 'Hello, I am glad to meet you, we hope you can share this information with us. The new approach is,' If you do not share with us, you will be punished by civil penalties."
The U.S. Treasury's Ministry of Finance does not comment, and the Office of the State Intelligence Director did not reply to the request for comments.
"This is the worst nightmare of the company," Curtis said."They not only have to disclose these cutting -edge, amazing things they are doing, but they also have to disclose who do it with, why do it, who involved."
