The restrictions issued by President Biden will bar private equity and venture capital firms from making investments in certain high-tech sectors. The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing.
The measure would be one of the first significant steps the United States has taken in its economic clash with China to clamp down on financial flows. It could set the stage for more […]
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