According to The Wall Street Journal, US President Joe Biden-led US government is developing a new programme that may prevent American investments in specific sectors in China. This move by the Biden administration is a fresh measure to protect the United States’ technological edge in an escalating rivalry between the two countries.
On Friday, the US Treasury and Commerce departments submitted reports to lawmakers on Capitol Hill, which stated that they are contemplating the implementation of a new regulatory framework to deal with American investment in advanced technologies overseas that may pose a threat to national security. The Wall Street Journal viewed copies of the reports.
