The Biden administration is close to tightening rules on some overseas investments by US companies in an effort to limit China’s ability to acquire technologies that could improve its military prowess. Know more:
WILMINGTON, Del.—The Biden administration is close to tightening rules on some overseas investments by US companies in an effort to limit China’s ability to acquire technologies that could improve its military prowess, according to a US official familiar with the deliberations.
In October, the Biden administration imposed export controls to limit China’s ability to access advanced chips, which it says can be used to make weapons, commit human rights abuses and improve the speed and accuracy of its military logistics. Meanwhile, China this past week blasted the new House Select Committee on the Chinese Communist Party after it held its first hearing on countering Beijing’s influence. Foreign Ministry spokesperson Mao Ning demanded its members “discard their ideological bias and zero-sum Cold War mentality.”
A White House National Security Council spokesperson declined to comment on the Treasury and Commerce reports, but noted that administration officials have kept Congress apprised on its progress in crafting an approach to overseas investment.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden expected to tighten rules on US investment in ChinaWILMINGTON, Delaware: The Biden administration is close to tightening rules on some overseas investments by US companies in an effort to limit China's ability to acquire technologies that could improve its military prowess, according to a US official familiar with the deliberations.
Read more »
China says armed forces should boost combat preparednessBEIJING -- China&039;s armed forces should devote greater energy to training under combat conditions and boost combat preparedness, Premier Li Keqiang said on Sunday. "Our armed
Read more »
China says armed forces should boost combat preparednessChina&39;s armed forces should devote greater energy to training under combat conditions and boost combat preparedness, Premier Li Keqiang said on Sunday.
Read more »
China says should advance ‘peaceful reunification’ with TaiwanChinese Premier Li Keqiang said the government should promote the peaceful development of relations with Taiwan and advance the process of China’s “peaceful reunification” but also take resolute steps to oppose Taiwan independence. | Reuters
Read more »
China increases military spending in face of 'escalating' threatsChina said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad at a meeting of its rubber-stamp parliament that is set to hand Xi Jinping a third term as president.
Read more »
Self-help author Marianne Williamson announces White House challenge to BidenWASHINGTON, United States - Marianne Williamson, a self-help author, activist and spiritual advisor, announced Saturday that she is a candidate for the US presidency in 2024, four years after an earlier run for the office drew little support.
Read more »