The Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China's ability to acquire technologies that could improve its military prowess, according to a U.S. official familiar with the deliberations.
The soon-to-be-issued executive order from President Joe Biden will limit American investment in advanced technologies that have national security applications -- such as next-generation military capabilities that could help China improve the speed and accuracy of military decision making, according to the official, who was not authorized to comment and spoke on the condition of anonymity.
The complicated relationship has become further strained in recent weeks after the U.S. shot down a Chinese spy balloon last month that traversed the country. The Biden administration has also publicized U.S. intelligence findings that raise concern Beijing is weighing providing Russia weaponry for its ongoing war on Ukraine.
Administration officials have been consulting with allies as they've worked on formulating the new regulations on U.S. investment, according to the official.
France Dernières Nouvelles, France Actualités
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