Forex News

Biden administration is weighing further controls on Chinese technology

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From the NY Times (gated):

  • The United States could extend the powerful export restrictions it
    has issued on China to areas like biotechnology and the algorithms
    that power artificial intelligence, an official said.
  • The Biden administration is mulling further export controls that
    would clamp down on China’s ability to gain access to cutting-edge
    technologies and expects to soon secure a deal for allies to issue
    their own restrictions on selling such goods to China, a senior Biden
    administration official said on Thursday.

The current restrictions on tech exports are weighing on China, this tightening is likely to do so even further.

Check out that link above, if you can access the NYT, for more.


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