Daily News

House Select CCP panel weighs more restrictions on investing in China

September 13, 2023 at 12:21 PM
Members of the House Select Committee on the Chinese Communist Party on Tuesday probed witnesses on how best to craft restrictions that would further stem U.S. investment in China, weighing curbs on funding for companies sanctioned by the Treasury Department, increased transparency for businesses with substantial exposure in China and new restrictions on variable interest entities. “It is up to Congress to ensure American money isn’t financing the CCP’s top tech ambitions, including AI, quantum computing, and semiconductors, but also...

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