Did China Joe forget he's China Joe?

[ZenMode]

Biden administration restricts American investments in high-tech sectors in China

President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and quantum computing, citing national security concerns, according to senior Biden administration officials.

The officials said the "narrow and targeted" restrictions were necessary to protect U.S. national security, by blocking China from using sensitive technologies to strengthen its military, develop weapons, and bolster its intelligence and surveillance capabilities.

The move, which will likely garner pushback from Beijing, marks a major step by the Biden administration to restrict the flow of technology to China. The administration -- as well as lawmakers on both sides of the aisle -- have voiced concerns China could use American expertise to modernize its military and weaponry.

But it also comes as the White House has sought to improve relations and increase communications with China, including with recent high-profile visits by Treasury Secretary Janet Yellen and Secretary of State Antony Blinken.

"This is a national security action, not an economic one," an official told reporters Wednesday. "We recognize the important role that cross-border investment flows play in U.S. economic vitality, and this executive order is aimed at narrowly protecting our national security interests while maintaining that longstanding commitment to open investment."

https://www.msn.com/en-us/money/companies/biden-administration-restricts-american-investments-in-high-tech-sectors-in-china/ar-AA1f1DN7?ocid=msedgdhp&pc=U531&cvid=7dba2e49c6de4a60ad6e3811d434c204&ei=13

[Sick Of Silence]

Don't worry, they will make sure that "we" can't invest and investigate if "they" invest.