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Biden order restricting China-bound U.S. investment expected next week

Long-awaited move will target AI and other advanced technology

Restrictions on U.S. investment in China would be the latest attempt by the Biden administration to restrict Beijing's access to advanced technology.   © Reuters

SAN FRANCISCO/NEW YORK -- The Biden administration plans to issue an executive order as soon as next week that will restrict U.S. investment in China in high-tech sectors such as artificial intelligence, semiconductors and quantum computing, three people familiar with the matter told Nikkei Asia.

The order, which has been planned for months, is another step by the administration to curb China's tech advancements as the countries race for dominance in critical technologies.

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