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Congressional panel probes US firms' investments in China

A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies. The House Select Committee on the Chinese Communist Party sent letters on Tuesday to GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, the investment arm of Qualcomm Inc, asking for information on their investments in China and setting an Aug. 1 deadline for the firms to respond.
United States Walden International Chinese Communist Party House Select Committee Megvii Technology Qualcomm Inc
Source: yahoo.com

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Biden administration did not sanction unofficial talks with Russians, State Dept says

President Joe Biden's administration did not sanction or support secret meetings that former top U.S. national security officials held with Russian Foreign Minister Sergei Lavrov and other Russians on potential talks to end the Ukraine war, the White House and State Department said on Thursday.
White House District Of Columbia United States New York Jonathan Landay Simon Lewis

US says it opposes export controls by China on metals, will consult allies

The United States "firmly" opposes export controls announced by China on gallium and germanium, metals needed to produce semiconductors and other electronics, a U.S. Commerce Department spokesperson said on Wednesday, adding that Washington will consult its partners and allies to address the issue.
United States Robert Habeck Kanishka Singh Janet Yellen Commerce Department Us Commerce Department

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