Biden Aims to Unveil China Investment Curbs With G-7 Backing
- US wants key allies to endorse concept at May summit in Japan
- Order will focus on chips, AI, quantum investments in China
President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by American businesses, people familiar with the internal deliberations said.
The administration, which has been debating the measure for almost two years, plans to take action around the time of a summit of the Group of Seven advanced economies that’s due to start on May 19 in Japan.