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Biden Administration Finalizes Rules to Curb U.S. Tech Investments in China, Effective January 2

Oct 29, 2024, 01:57 AM

The Biden administration has finalized new rules restricting U.S. investments in advanced technology sectors in China, including artificial intelligence, semiconductors, and quantum computing. These measures, effective January 2, 2025, aim to prevent technologies that could bolster Beijing's military capabilities from receiving U.S. financial support. The restrictions will be overseen by the Treasury Department's newly created Office of Global Transactions. These rules are part of a broader strategy to address national security concerns related to China's technological advancements, especially those with military applications.