President Joe Biden has signed an executive order Wednesday that will restrict American investments in certain high-tech sectors in China, including artificial intelligence, semiconductors, and quantum computing, citing national security concerns, according to senior Biden administration officials. The move, which will likely garner pushback from Beijing, marks a major step by the Biden administration to restrict the flow of technology to China. The administration -- as well as lawmakers on both sides of the aisle -- have voiced concerns China could use American expertise to modernize its military and weaponry. "This is a national security action, not an economic one," an official told reporters Wednesday. Biden administration restricts American investments in high-tech sectors in China originally appeared on abcnews.go.com

Source: ABC News August 09, 2023 20:20 UTC