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International relations

U.S. readies targeted screening for investment in Chinese tech

Narrower 'reverse CFIUS' to focus on areas like chips and quantum computing

President Joe Biden could issue an executive order on the new investment screening program within the next few months, according to U.S. media.   © AP

WASHINGTON -- The U.S. is considering trialing a mechanism for reviewing outbound investment into China, eyeing a relatively narrow set of sensitive industries after businesses lobbied against a broad initial proposal.

The program, intended to block spending that could help Beijing develop more-advanced military gear, would require companies to notify Washington in advance of potentially problematic investments.

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