White House split delays plans for investment controls on China
Politico
Disagreements between key White House national security and economic officials are delaying the Biden administration’s plans for new rules on American banks that invest in Chinese technology firms and startups.
National security officials, led by national security adviser Jake Sullivan, have been advocating for months for President Joe Biden to issue an executive order that would prohibit many American investments in Chinese technology firms and startups, arguing it is needed to ensure U.S. banks aren’t helping Chinese firms develop software or devices later used by the People’s Liberation Army.
Related Posts
Emerging Technologies Can Protect Democratic Freedoms
Technological advances have transformed our world in ways that have the power to both make us more connected than ever—and more divided than ever.
