Chinese officials have urged the U.S. to reverse a new proposal that would tighten restrictions on American investments in its technology sector, warning the measure could strain bilateral trade relations. The Treasury Department’s latest rule aims to broaden existing controls under the Outbound Investment Security Program, targeting advanced fields like hypersonic systems and quantum technology. Critics argue the expansion could limit cross-border collaboration in sensitive industries, raising concerns over economic and security implications. The move comes amid ongoing tensions over tech and trade policies between the world’s two largest economies.
Chinese officials called on the U.S. Saturday to reconsider its proposed rule seeking to further restrict American investments into its tech industry, saying the move would disrupt trade relations between the two countries. On Thursday, the Treasury Department proposed a rule expanding existing restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems, quantum...
