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US proposes targeted restrictions for AI, tech investment in China

Economic Times · 1y ago

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The United States has released draft rules aimed at banning or requiring notification of U.S. investments in key technology sectors in China that could pose a threat to national security. The proposed rules, published by the U.S. Treasury Department, follow an executive order signed by President Joe Biden last year. The rules place the responsibility on individuals and companies to determine which transactions will be restricted or banned. Public comments on the proposed rules will be accepted until August 4th. The move reflects growing concerns over China's aggressive efforts to dominate emerging technologies.