News Summary

• President Joe Biden on Wednesday signed an executive order barring U S investments in certain tech sectors of China
• The order authorizes the U S Secretary of the Treasury to restrict U S investment in three critical categories of Chinese companies semiconductors and microelectronics quantum computing and artificial intelligence that is critical for the military intelligence surveillance or cyber enabled capabilities
• The measure is expected to take effect next year according to The Washington Post It also applies to companies in Hong Kong Advancements in sensitive technologies and products in these sectors will accelerate the development of advanced computational capabilities that pose significant national security risks