Official announcements from the Chinese government or major news outlets

Biden Finalizes U.S. Investment Ban in China's AI, Chip, Quantum Sectors Effective January 2, 2025

Oct 28, 2024, 11:11 PM

The Biden administration has finalized rules to restrict U.S. investments in advanced technology sectors in China, including artificial intelligence, semiconductors, and quantum computing. Announced by the Treasury Department on Monday, the regulations aim to prevent the Chinese military from gaining an edge in critical technologies that pose a threat to U.S. national security. The rules prohibit Americans from participating in transactions that could bolster China's development of these technologies, particularly those with military applications. The restrictions will take effect on January 2, 2025, and will be overseen by the Treasury's newly created Office of Global Transactions.