Senior Biden administration officials said the investing curbs are related to national-security goals rather than economic interests and the categories...
BEIJING — China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies.
The order covers advanced computer chips, microelectronics, quantum information technologies and artificial intelligence.Senior administration officials said the effort is related to national-security goals rather than economic interests and the categories it covers are intentionally narrow in scope. The order seeks to blunt China’s ability to use U.S.
However, with its economic growth sliding to 0.8% for the three months ending in June, China appears far more willing to engage with Raimondo than with defense officials and diplomats, whom it has fully or partly rebuffed.
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