{"id":33331,"date":"2023-08-11T14:48:49","date_gmt":"2023-08-11T14:48:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china"},"modified":"2023-08-11T14:58:30","modified_gmt":"2023-08-11T14:58:30","slug":"biden-moves-to-restrict-some-us-technology-investments-in-china","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china","title":{"rendered":"Biden moves to restrict some US technology investments in China"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Multiple US officials who briefed reporters on the directive ahead of its public release said it is narrowly tailored to prohibit US firms from funding investment in Chinese firms that develop advanced technologies sensitive to national security.<\/p>\n

That includes \u201ctechnologies that are critical to the next generation of military innovation,\u201d said one official, who like the others, spoke to reporters on condition of anonymity because the order had not yet been issued.<\/p>\n

Specifically, it will prohibit US investment in Chinese firms that develop semiconductors and micro electronics, quantum information technologies, and certain artificial intelligence systems.<\/p>\n

The rule also requires American companies to notify the Treasury Department of certain other transactions with Chinese firms that involve other technologies and products that could endanger US national security.<\/p>\n

\u201cAs part of a comprehensive, long-term strategy to advance the development of sensitive technologies and products, the PRC is exploiting, or has the ability to exploit, U.<\/p>\n

S. investments to further its ability to produce a narrow set of sensitive technologies critical to military modernization,\u201d the Treasury Department said in a statement. It was referring to China by its formal acronym. \u201cSuch U. S.<\/p>\n

investments are often accompanied by certain intangible benefits that help companies succeed, such as managerial assistance, investment and talent networks, and market access,\u201d it added. It is not clear how China will react to the new directive amid an ongoing bilateral effort to improve badly-tattered US-Sino relations.<\/p>\n

But multiple US officials described the Biden administration\u2019s action as a \u201csmall yard high, fence approach,\u201d emphasizing the goal is prevent China from developing dual-use technologies critical to its military advancement, not to harm trade.<\/p>\n

\u201cUltimately, China doesn\u2019t need our money.<\/p>\n

They\u2019re a net capital exporter, so the thing we\u2019re trying to prevent is not money going into China overall, because they have plenty of money,\u201d said one of the officials.<\/p>\n

\u201cThey don\u2019t have the know-how, and the know-how is often very connected to specific types of investments,\u201d he added. The order has already been discussed between the government and industry leaders, and one official said it has already had \u201can impact\u201d on investors.<\/p>\n

\u201cJust the fact that we\u2019ve been talking about doing this, and that we\u2019re doing this, has had an impact in terms of what\u2019s happening with regard to private equity, and venture capital,\u201d he said.<\/p>\n

\u201cThese firms have heard us in terms of our concerns in these three areas, and you\u2019re already starting to see movement,\u201d the official added.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Multiple US officials who briefed reporters on the directive ahead of its public release said it is narrowly tailored to prohibit US firms from funding investment in Chinese firms that develop advanced technologies sensitive […]<\/p>\n","protected":false},"author":84,"featured_media":33329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,171,241],"class_list":["post-33331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-china","tag-mauritius"],"yoast_head":"\nBiden moves to restrict some US technology investments in China - Mauritius<\/title>\n<meta name=\"description\" content=\"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden moves to restrict some US technology investments in China\" \/>\n<meta property=\"og:description\" content=\"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-11T14:48:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-11T14:58:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Biden moves to restrict some US technology investments in China\",\"datePublished\":\"2023-08-11T14:48:49+00:00\",\"dateModified\":\"2023-08-11T14:58:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\"},\"wordCount\":458,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"CHINA\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\",\"name\":\"Biden moves to restrict some US technology investments in China - Mauritius\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg\",\"datePublished\":\"2023-08-11T14:48:49+00:00\",\"dateModified\":\"2023-08-11T14:58:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg\",\"width\":864,\"height\":486,\"caption\":\"Biden moves to restrict some US technology investments in China\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mauritius\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Biden moves to restrict some US technology investments in China\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/\",\"name\":\"Mauritius\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Biden moves to restrict some US technology investments in China - Mauritius","description":"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china","og_locale":"en_US","og_type":"article","og_title":"Biden moves to restrict some US technology investments in China","og_description":"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...","og_url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china","og_site_name":"Mauritius","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-08-11T14:48:49+00:00","article_modified_time":"2023-08-11T14:58:30+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Biden moves to restrict some US technology investments in China","datePublished":"2023-08-11T14:48:49+00:00","dateModified":"2023-08-11T14:58:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china"},"wordCount":458,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg","keywords":["Africa Press","Africa Press-Mauritius","CHINA","Mauritius"],"articleSection":["all news","miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china","url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china","name":"Biden moves to restrict some US technology investments in China - Mauritius","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg","datePublished":"2023-08-11T14:48:49+00:00","dateModified":"2023-08-11T14:58:30+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"US President Joe Biden signed an executive order Wednesday to curb some US investments in China\u2019s technology sector. Mul ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#primaryimage","url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg","contentUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/08\/sm_1691753251.7515.jpg","width":864,"height":486,"caption":"Biden moves to restrict some US technology investments in China"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/biden-moves-to-restrict-some-us-technology-investments-in-china#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mauritius\/"},{"@type":"ListItem","position":2,"name":"Biden moves to restrict some US technology investments in China"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mauritius\/#website","url":"https:\/\/www.africa-press.net\/mauritius\/","name":"Mauritius","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/33331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/comments?post=33331"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/33331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media\/33329"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media?parent=33331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/categories?post=33331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/tags?post=33331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}