In an executive order expected to be released Wednesday, American companies will be subject to unprecedented new federal oversight that will scrutinize – and potentially prevent – some of their investments in China’s tech industry. The goal is to ensure that U.S. cash does not support China’s military modernization and potentially threaten the United States.
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They are stupid if they do. Biden has taken what Trump was doing and turned the volume way WAY up. The escalating Trade War with the United States is a big reason why the Chinese economy is stumbling.