Washington finalises curbs against US firms from semiconductors, AI and quantum computing investments in China

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WASHINGTON, Oct 29 — The administration of President Joe Biden has finalised curbs on US investments in sensitive techno...

In response, China’s foreign ministry called the executive order an attempt to “engage in anti-globalisation and de-sinicisation,” adding that Beijing was “strongly dissatisfied” and reserved the right to safeguard its interests.

The rules are the result of an executive order signed by Biden last August aimed at restricting certain US investments in sensitive high-tech areas in China, including in Hong Kong and Macau.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIsraelMacauUnited States

Topics: Treasury Department Sensitive technology US-China tech war

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 09:44:39 (3 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23362099

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