The scope of the challenges facing China emerged within months of President Xi Jinping unwinding harsh lockdown policies intended to contain Covid-19’s spread.
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Earlier this week, President Biden issued an executive order banning American firms from investing in some Chinese technology companies, citing national security concerns. WSJ s Andrew Duehren explains how the move fits into the complicated relationship between the two countries. Further Reading: - Biden Restricts U.S. Investment in China - Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One. Further Listening: - The U.S. Wants American-Made Chips. Can Intel Deliver? - China’s Crackdown on Foreign Consulting Firms - Are Apple and China Breaking Up?