The proposed rule stems from President Joe Biden's August 2023 executive order regarding the access that "countries of concern" have to American dollars that fund advanced technologies, which the US government says would enhance their military, intelligence, surveillance and cyber capabilities. The order identified China, Hong Kong and Macau as countries of concern.
from News-Economic Times https://ift.tt/2yCRGUQ
US proposes rules to stop Americans from investing in Chinese technology with military uses
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