The new rules would place restrictions on investments by US private equity and venture capital firms as well as joint ventures in Chinese artificial intelligence quantum computing and semiconductors . The proposed rule is designed to target technologies most critical for military advancement one official told . The United States and China are in the midst of titfortat export restrictions involving hightech products following escalating concerns in Washington about the risk posed by Beijing to its national security . Some Republicans have been harshly critical saying the moves took too long to enact and dont go far enough . Nikki Haley the former South Carolina governor and UN ambassador who is now running for the Republican presidential nomination said the new rules will do little to stop American money flowing to Chinas military through its tech companies . The rules will also allow for greater government visibility into US investments in China by requiring companies to report their activity. They are not even a half measure. The rules would also require companies to disclose their activity to avoid being targeted by the Chinese government. Some Republicans say they are not a half measures. They will not even go far beyond what they say they will not go far far enough and will not be enough. They won’t be a half-measures. They don’t go far. They’re not as broad as Beijing says a technology blockade. It’s not as narrow as Beijing’ll not be as broad. They say they won’d not be a full measure. It is not as a full. It won”t be a ‘tolerable. It doesn’m not a full range’. It will be a complete. It isn’�t a full-time. We’ve got a full time’S
Biden administration announces new bans on investments in China meant to protect national security . Biden administration
