Squeeze on tech investments rekindles tensions between China and the US

  The new American policy on limiting investments in the Chinese hi-tech sector ... "severely disrupts the security of global industrial and supply chains". This is Beijing's harsh reaction directed towards the United States, a few hours after the tightening decided by the president Joe Biden. An anonymous spokesman for the Ministry of Commerce said that Biden's executive order "deviates seriously from the market economy and the principles of fair competition that the US has always promoted and affects the normal operating decisions of companies, damages the 'international trade order'.

Joe Biden launches the clampdown on American investments in China in the hi-tech sector. A move dictated by "national security and not economic" reasons, says an administration official. The limits imposed in the executive order concern semiconductors, quantum and some artificial intelligence systems. "The Biden administration is committed to keeping America safe and defending national security by safeguarding technologies that are critical to the next generation of military innovation," the White House highlights.