US to issue new restrictions on US investment in some advanced industries in China – report 

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The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, reported New York Times, citing people familiar with the deliberations.

The restrictions would bar private equity and venture capital firms from making investments in certain high-tech sectors, like quantum computing, artificial intelligence and advanced semiconductors, the report said, in a bid to stop the transfer of American dollars and expertise to China.

It would also require firms making investments in a broader range of Chinese industries to report that activity, giving the government better visibility into financial exchanges between the United States and China.