Washington may take action against Chinese tech sector – Joosten Projects


Source: joostenprojects.com joostenprojects.com

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Further restrictions on what can be sold to China may be introduced in the coming months The White House is considering steps to restrict US investment in Chinese technology companies amid mounting tensions between the world’s two biggest economies, Bloomberg reported on Saturday, citing people familiar with the matter. US President Joe Biden is expected to sign an executive order on investment curbs in the coming months. One of the sources told the agency that separate action may be taken against TikTok, China’s popular video-sharing app. The Commerce Department may also introduce further restrictions on chips used for artificial intelligence...