U.S. Aims to Curtail Investment in Advanced Military Technology in China
National Security attorney Antonia Tzinova was quoted in a New York Times article about plans from the White House and lawmakers to implement restrictions on investments in China, specifically in areas like advanced computing and military technology. Both Congress and the Biden Administration have been pondering just how broadly to apply these investment restrictions, with some industry groups arguing that overly broad restrictions could overwhelm government officials in charge of oversight. Groups like the U.S. Chamber of Commerce and the U.S.-China Business Council argued against Congress' efforts last year to review outbound investments in critical sectors including infrastructure and medicine. Ms. Tzinova agreed with the pushback against these restrictions, stating that they are not what industries want from the U.S. government.
"Industry is kind of united: We don't want this," she said.
READ: U.S. Aims to Curtail Investment in Advanced Military Technology in China (Subscription required)