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New US curbs on tech investments target China, serve notice to American industry

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US President Joe Biden arrives at Grand Canyon National Park Airport in Arizona on Aug 7, 2023. Mr Biden on Wednesday signed an executive order banning American investments in key technology industries that could be used to enhance Beijing's military capabilities.

US President Joe Biden signed an executive order that will narrowly prohibit certain US investments in sensitive technology in China.

PHOTO: NYTIMES

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- Proposed new curbs by the White House on sensitive tech investments in China, announced on Wednesday, have made few people happy.

In Washington, China hawks in Congress are not satisfied that the

executive order signed by President Joe Biden

goes far enough.

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