this post was submitted on 10 Aug 2023
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White House unveils ban on US investment in Chinese tech sectors::Biden cites security risk as he restricts American capital for companies linked to China’s military

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[–] LetMeEatCake 31 points 1 year ago (1 children)

It's smart, I don't know how people will feel about it but it's smart.

The US and China are in an escalating economic cold war. It's goes completely against US interests to invest finite resources into growing the economy of an economic rival — and ditto for the converse of China investing into growing the US economy. Especially in an aggressively competitive economic sector where relative technological advancement is king for competitive purposes.