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    Congress to vote on new restrictions on US investment in China

    Team_NewsStudyBy Team_NewsStudyDecember 18, 2024 Trending News No Comments2 Mins Read
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    The invoice can even require the Federal Communications Fee to publish a listing of each entity that each holds an FCC license or authorisation and has any possession by overseas adversarial governments, together with China to make sure the fee “is aware of when telecommunications and know-how corporations have a connection and overseas adversary”.

    Washington is shifting on a variety of fronts to additional prohibit Chinese language merchandise.

    An annual defence invoice may ban China-based DJI and Autel Robotics from promoting new drones in america market, whereas the Commerce Division is working to finalize guidelines within the coming weeks that will bar Chinese language automakers from promoting autos in america and bar China Telecom from US operations.

    Lawmakers have criticised main American index suppliers for steering billions of {dollars} from US traders into shares of Chinese language corporations that the US believes are facilitating the event of China’s army.

    The Treasury guidelines and laws cowl semiconductors and microelectronics, quantum data applied sciences and sure AI techniques geared toward stopping investments in Chinese language applied sciences like cutting-edge code-breaking pc techniques or next-generation fighter jets.

    Consultant Rosa DeLauro, the highest Democrat on the Home Appropriations Committee, mentioned “for years I’ve watched American {dollars} and mental property gas the Chinese language Neighborhood Occasion’s know-how and capabilities … This laws builds on the laws put into place this 12 months by the Biden Administration, and units the stage for continued bipartisan efforts to guard and rebuild our crucial nationwide capabilities”.

    The outbound laws covers applied sciences listed within the Treasury order and provides further AI fashions that use some semiconductors, AI techniques designed for unique army or authorities surveillance finish use, hypersonic techniques and extra export-controlled applied sciences. 



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