Biden to introduce new restrictions on US investments in China, declares tech ‘emergency’

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US President Joe Biden has announced plans to further restrict American investments overseas, in the latest in a series of measures aimed at limiting China’s access to technology that could threaten US national security. The August 9, 2023, announcement came as the White House declared a “national emergency” over the “threat of advancement” by China in sensitive technologies and products related to military and spying.