The new rules are expected to place significant 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 new restrictions are meant to prevent American knowledge and money from flowing to China and tighten the amount of cuttingedge technology available to the Chinese military . The rules had been expected to be structured as a pilot program which will take effect in several months . China has complained bitterly about the rules accusing the US of attempting to slow its economic growth . 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 . At the same time Biden has sought to stabilize the USChina relationship including developing more robust communication mechanisms and sending top administration officials to China for talks . The White House did not comment on the new rules . The New York Times was first to report on the New York State was first-to-the-report on theNew York Times’ new rules. The rules will also allow for greater government visibility into US investments in China by requiring companies to report their activity by reporting their activity. It has not ruled out a meeting between Biden and Xi Xi Jinping on the sidelines of upcoming leaders summits. Aides have not ruled a meeting with the White House. The New New York York Times has not commented on a meeting. The White York Times. The Washington Post was first of the report. The NYT was first and the New Times wasFirst to report the new report to the New Report. The article. The report. was first. to report that the New report. the New. to be. to the report to be published by The New Report to
Biden administration to announce new bans on investments in China meant to protect national security . Biden
