December 1, 2023

The UK authorities could be part of the US in proscribing investments in Chinese language corporations in an effort to keep away from giving China a tech benefit.

In keeping with The Guardian, US President Joe Biden signed an government order giving the Treasury Secretary the authority to restrict investments in Chinese language corporations within the AI, semiconductor, and quantum computing fields. The transfer comes amid efforts by US lawmakers to limit enterprise capitalists from investing in such Chinese language corporations.

Whereas The Guardian studies that neither the UK nor the EU are planning on instantly following go well with, the UK is at the very least contemplating whether or not it ought to take comparable measures because the US.

“The UK will contemplate these new measures intently as we proceed to evaluate potential nationwide safety dangers hooked up to some investments,” stated a spokesperson for the British authorities.