Scoop White House narrowing executive order on China investments

News Summary

  • What we're watching: While the final language hasn’t been approved, it appears that the executive order will focus more on quantum computing, artificial intelligence and semiconductors and not include biotechnology or battery technology.
  • The bottom line: While there was bipartisan congressional legislation in the last Congress, the administration wants to start with executive actions and work out any kinks with outbound restrictions on a smaller scale.
  • The intrigue: Officials are unlikely to unveil the new executive order before Secretary of State Tony Blinken makes his first visit to China, currently pencilled in for February.
The Biden administration is leaning toward making its executive order on U.S. investments in China more focused and targeted than some of the earlier suggestions, Axios has learned. Why it matters [+3285 chars]