The United States is preparing for a new restrictive policy on China, which may prohibit US investment in semiconductors, quantum computing, artificial intelligence and other fields
WASHINGTON — The Biden administration is preparing a new plan that could ban U.S. investment in certain industries in China, a new effort to protect America's technological edge amid growing competition between the world's two largest economies.
In a report to lawmakers on Capitol Hill on Friday, the Treasury and Commerce departments said they were considering a new regulatory system to address potential risks of U.S. investment in advanced technology abroad, according to a copy of the report reviewed by The Wall Street Journal. national security risks.
The report also did not specify which countries would be subject to the new rules, though people familiar with the matter said they expected the Biden administration's work on the new rules would actually mostly involve U.S. investment in China
