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US Senate weighing limits on US investments in Chinese hi-tech businesses

SCMP LogoSCMP2 mo ago

US Senate weighing limits on US investments in Chinese hi-tech businesses - SCMP

Quick Summary:

Senate Banking Committee holds hearing with some members seeing unfettered US business ties to Chinese firms as a loophole in export controls and a national security risk.

“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday.“What we don’t know is to what degree US investments are helping them.“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday.“What we don’t know is to what degree US investments are helping them.


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Article Details

Author / Journalist: Jacob Fromer

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-30 @ 05:49:54 (2 months ago)

News Timezone: GMT +8:00

Ranking: #38 (out of 3283 stories this day)

News Source URL: scmp.com

Language: English

Article Length: 102 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 102 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 628050

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About SCMP

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Main Topics: Technology

Official Website: scmp.com

Update Frequency: 1 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 22 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #41

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