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(Reuters) - While the market mostly shrugged off President Joe Biden's move to prohibit some U.S. technology investments in China, U.S. investors said...
Aiming to protect national security and prevent U.S. capital and expertise from aiding China's military modernization, Biden this week issued an executive order barring some new U.S. investments in China in sensitive technologies including computer chips, while regulating others.
While the market mostly shrugged off President Joe Biden's move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retaliate or pull back from... -August 11, 2023 at 12:01 am- MarketScreener
In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take counter-measures.
While the market mostly shrugged off President Joe Biden's move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retaliate or pull back from buying American technology.