U.S. Restrictions on Investment in China
The Biden administration is considering moves that would restrict US investment in China in sectors that were crucial to supply chains or involved critical and emerging technologies, such as semiconductors, large-capacity batteries, biotechnology, hypersonics, financial technologies and autonomous-driving systems. The investment curbs, part of growing tensions between the US and China, may come as an executive order to be signed by President Joe Biden in coming months. At the same time, the White House is in discussions with Congress on legislation requiring companies to disclose beforehand possible investments in certain Chinese industries. Among options being discussed is the establishment of a system that would give the government the authority to block investments outright. US companies are under increasing government scrutiny over what they sell to China. Join AmCham for a virtual meeting on October 7 to hear what businesses in the region need to know now, and what could happen and how this may impact our region.
Steve Okun, Senior Advisor at McLarty Associates, will moderate the discussion featuring Ryan Hass, who served as the Director for China, Taiwan, and Mongolia at the National Security Council during President Obama’s second term, and Christine Daya, whose cross-border investment representations are focused on national security reviews before the Committee on Foreign Investment in the United States (CFIUS).
AmCham Virtual Meetings provide unprecedented access to the political, policy, corporate, and institutional leaders whose expertise, insights, and experience shape the global business climate. There is no cost to participate. Please register your participation by clicking on the button below or by calling the AmCham office (84) 24 3934 2790.