(Washington/Beijing Comprehensive News) The Bayeng government has identified restrictions on the investment in China's individuals and companies to invest in China's advanced technology. The Chinese Ministry of Foreign Affairs has expressed strong dissatisfaction on this and submitted to the United States.
According to Bloomberg News on Tuesday (October 29), restricting measures involve advanced technology industries such as semiconductors, quantum computing, artificial intelligence, etc. For more than a year of review, the final version of the framework will take effect on January 2 next year next year.Essence
This provision will prohibit some of the investment projects in the above industry, and other matters will be notified to the US government in order to prevent US capital and knowledge from being used to help China develop a key technology that may achieve military advantages.
Paul Rosen, assistant minister of investment security, said in a press release: "Investment in the United States must not be used to help the country develop military, intelligence and network capabilities."
TheThe final version of the framework is roughly the same as the proposal published in June, and further clarifies the technical scope of this regulation and the US government's expectations for compliance.
A senior U.S. government official said that the regulation will ban US investment from Chinese companies focusing on advanced semiconductor technology, but investing in Chinese companies focusing on so -called traditional chips only require the US government.
The Chinese Ministry of Foreign Affairs responded that it expressed strong dissatisfaction and resolute opposition to the release of rules for investment restrictions on China in the United States. It has proposed to negotiate, and emphasized that all necessary measures will be taken to firmly safeguard their legitimate rights and interests.