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US President Biden bans investments in key Chinese tech sectors | DW News
Posted
August 10, 2023
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August 10, 2023
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4:45Now PlayingUS President Joe Biden has issued an executive order banning US investment in Chinese quantum computing, advanced chips and AI technologies over national security-concerns.
The ban, which will take effect next year, will require companies to inform Washington of any activities in the three areas. The US is intensifying efforts to stop China from having access to American technology. Beijing says it is 'gravely concerned' with the Biden administration's decision, which comes as China faces declining trade and deflation.
For more on this we are joined by Martin Catarata. He's a senior consultant at China-focused consultancy Sinolytics. We ask him: How serious are these measures if we look at trade flows between the two sides?
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