Aug 4 (Reuters) - President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive sectors involving China. The move comes as the Biden administration aims to protect critical US technology and maintain national security.
SAN FRANCISCO/NEW YORK -- The Biden administration plans to issue an executive order as soon as next week that will restrict U.S. investment in China. This order is part of the administration's broader efforts to address concerns over intellectual property theft and national security risks associated with China's technological advancements.
The head of a US congressional committee has urged President Joe Biden to widen forthcoming limits on investments in China to cover stocks. This recommendation reflects growing concerns about China's influence in global markets and the potential risks it poses to American investors.
The Biden administration is working to finalize an executive order to restrict outbound investments in China's defense industry. By targeting the defense sector, the administration aims to safeguard sensitive technologies and prevent potential threats to national security.
President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August. The order will focus on protecting key technologies and preventing their transfer to China, which has been a source of concern for the US government.
President Joe Biden's administration has been divided at the highest levels for years over how aggressively to limit economic engagement with China. This executive order represents a significant step towards a more cautious approach to US-China investment.
The chair of a U.S. House committee on Thursday urged President Joe Biden to adopt expansive restrictions on outbound U.S. investment in China. This call for stricter limitations reflects concerns over China's growing economic influence and potential threats to American industries.
The Biden administration is close to tightening rules on some overseas investments by American companies. This move aims to prevent the transfer of critical technologies to China and protect national security interests.
Republican Rep. Mike Gallagher sent a letter to President Joe Biden urging him to restrict investments in China. Gallagher's letter emphasizes the need for stronger measures to counter China's economic influence and protect American interests.
