Biden Bans Some Investments in China, Declares ‘National Emergency’

President Joe Biden signed an executive order on Aug. 9 to begin the process of restricting U.S. investments into Chinese AI, quantum technology, and semiconductors.
Biden Bans Some Investments in China, Declares ‘National Emergency’
President Joe Biden speaks at an Arcosa Wind Towers Inc. manufacturing facility in Belen, N.M., on Aug. 9, 2023. Madalina Vasiliu/The Epoch Times
Andrew Thornebrooke
Updated:

President Joe Biden on Aug. 9 signed an executive order to begin the process of restricting high-tech U.S.-based investments going toward China in the areas of artificial intelligence, quantum technology, and semiconductors.

The executive order, which is likely to take effect next year following a comment period, will authorize the Treasury secretary to regulate U.S. investments into Chinese technologies deemed to affect national security, according to senior administration officials.
Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
Andrew Thornebrooke is a national security correspondent for The Epoch Times covering China-related issues with a focus on defense, military affairs, and national security. He holds a master's in military history from Norwich University.
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