US to tighten rules on outbound investments to China

August 10, 2023 / 12:16 AM

Sharjah 24 – AFP: The United States announced Wednesday steps to restrict certain American investments in China, targeting high-tech sectors like semiconductors, artificial intelligence and quantum information technologies -- a move that could further strain bilateral ties.

"The outbound investment programme will fill a critical gap in the United States' national security toolkit," said a senior US government official.

"What we're talking about is a narrow and thoughtful approach as we seek to prevent the PRC from obtaining and using the most advanced technologies to promote military modernisation and undermining US national security," he added, referring to the People's Republic of China.