US President Joe Biden has signed an executive order that limits technology investment in China and other countries, the White House has announced. This quickly sparked a protest on Thursday August 10. solemn from Beijing.
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The decree limiting investment in technologies provides that American companies will no longer be able to freely invest abroad in the most advanced systems, such as artificial intelligence (AI) or quantum computing, if this concerns “ problematic countries “, in particular China, announced the Department of the Treasury. This decision, taken on behalf of the defence, national security American, responds to the Biden administration’s fear of seeing China benefit from American investments in terms of technology transfer but also via support in setting up production lines, exchanges of knowledge and access to markets.
China ” dissatisfied »
Beijing was quick to react, addressing, this Thursday, August 10, to Washington a protest “ solemn through diplomatic channels. ” China is extremely unhappy and strongly opposes the United States’ insistence on introducing restrictions on investment in China “, said a spokesman for the Ministry of Foreign Affairs in a statement, adding that his country is “ very concerned about this situation and reserves the right to take action “.
In a separate statement, a spokesperson for China’s Ministry of Commerce further said that the decree ” seriously deviates from the principles of market economy and fair competition that the United States has always promoted, and affects normal business decisions, harms the international trade order, and seriously disrupts the security of industrial chains and global supply chain “.
America the “ first »
Yesterday, Wednesday August 9, Joe Biden was in New Mexico to promote his industrial policy, and provide after-sales service for his two major investment plans, including the “CHIPS and Science Act”, which is celebrating its first anniversary, and must bring semiconductor manufacturing back to America. ” Where does it say that America can no longer be number one again in manufacturing? ‘Cause that’s exactly what we’re gonna do “, promised the 80-year-old Democrat, who is seeking a second term at the White House.
(With AFP)
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