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What Biden’s executive order means for U.S. investors in China



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The U.S. and Chinese flags hang outside the Goldman Sachs headquarters in New York on Dec. 16, 2008.Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration’s long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented.Its 45-day public comment period gives U.S. investors significant potential to influence any final regulation, analysts said.”The executive order obviously gives an outline of what the program’s scope is going to be like,” said Brian P. Curran, a partner, global regulatory at law firm Hogan Lovells in Washington, D.C.”It’s not even a proposed rule. It’s not a final rule.”U.S. President Joe Biden on Wednesday signed an executive order aimed at restricting U.S. investments into Chinese semiconductor, quantum computing and artificial intelligence companies over national security concerns.Treasury Secretary Janet Yellen is mostly responsible for determining the details. Her department has publish …

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