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Safeguarding National Security Ordinance has prompted concerns from some foreign investors over its possible implications, even as officials stress its stabilising impact.
President Joe Biden issued an executive order on Wednesday that restricts American investment in Chinese companies.
US private equity and venture capital investors have already hit the brakes on sensitive technologies in China as relations have worsened since the administration of Biden's predecessor, Donald Trump, over issues from tech to China's industrial policies to national security.
HONG KONG/WASHINGTON (Reuters) -President Joe Biden's move to prohibit some U.S. technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world's two biggest economies. U.S. private equity and venture capital investors have already hit the brakes on sensitive technologies in China as relations have worsened since the administration of Biden's predecessor, Donald Trump, over issues from tech to China's industrial policies to national security. Aiming to keep U.S. capital and exper...
ALBAWABA – China will “safeguard” its interests against new US policy on high-tech investment in China, Beijing said as the China-US tech war escalates.