White House unveils ban on US investment in Chinese tech sectors::Biden cites security risk as he restricts American capital for companies linked to China’s military
White House unveils ban on US investment in Chinese tech sectors::Biden cites security risk as he restricts American capital for companies linked to China’s military
It’s smart, I don’t know how people will feel about it but it’s smart.
The US and China are in an escalating economic cold war. It’s goes completely against US interests to invest finite resources into growing the economy of an economic rival — and ditto for the converse of China investing into growing the US economy. Especially in an aggressively competitive economic sector where relative technological advancement is king for competitive purposes.
This is 40 years too late. That ship has sailed. China is a technologically advanced nation now. It can not be condemed to poverty by Americans.
No, it can only be condemned to poverty by its own leaders unimaginable corruption.
America can thank God for that.
Last I checked the Chinese economy was doing great. They lifted hundreds of millions of people out of poverty.