Shadow Home Affairs Minister Senator James Patterson has called on the federal government to follow the Biden Administration’s lead and ban Australians from investing in sensitive technology ventures in China.
President Joe Biden signed the executive order facilitating the ban on Aug. 9, declaring that there was a national emergency in relation to the “unusual and extraordinary threat” posed by “countries of concern” that are using sensitive technologies to advance their military and intelligence capabilities. The executive order added that U.S. investments “risk exacerbating this threat.”
