The Biden administration is leaning toward making its executive order on U.S. investments in China more focused and targeted than some of the earlier suggestions.
The Biden administration is leaning toward making its executive order on U.S. investments in China more focused and targeted than some of the earlier suggestions, Axios has learned.Imposing new controls on U.S. companies and investors looking to develop and support Chinese projects will mark another escalation in theAdministration officials also want to ensure that allies are fully consulted, which may mean that a final executive order is several months away.
Treasury Secretary Janet Yellen asked for more time to work through some of the potential implications with partners and allies. But a U.S. official stressed that Blinken's trip and this potential executive action are not related.While the final language hasn’t been approved, it appears that the executive order will focus more on quantum computing, artificial intelligence and semiconductors and not include biotechnology or battery technology.
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