US to tighten rules on outbound investments to China

WASHINGTON: The United States announced Wednesday steps to restrict certain American investments in China, targeting high-tech sectors like semiconductors, artificial intelligence and quantum information technologies — a move that could further strain bilateral ties.

« The outbound investment program will fill a critical gap in the United States’ national security toolkit, » said a senior US government official.
« What we’re talking about is a narrow and thoughtful approach as we seek to prevent the PRC from obtaining and using the most advanced technologies to promote military modernization and undermining US national security, » he added, referring to the People’s Republic of China.

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