BRIEF REPORT OF FIGURES — In response to concerns about U.S. involvement in China’s high-tech industries, President Biden this month signed an agreement decree which aims to prevent American companies from helping Beijing’s development in a number of areas – from semiconductor technology to artificial intelligence to quantum mechanics – in addition to implementing a new slate constraints weighing on American private investment.
Despite the CCP’s threat to reprisals and lament “economic coercion and technological intimidation,” critics and some industry experts worry the measures don’t go far enough and suggest U.S. taxpayers are inadvertently funding rapid military expansion and development from China.
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