Biden's Executive Order on US-China Tech War

US President Joe Biden has issued an executive order declaring a national emergency due to the development of sensitive technologies and products in countries that counter US and allied capabilities. The order restricts certain US investments in countries like China, Hong Kong, Macau. While China is not explicitly mentioned, the restricted areas include semiconductors, artificial intelligence, and quantum computing. The order aims to prevent the exacerbation of the unusual and extraordinary threat posed by these countries' advancements in critical technologies. The Biden administration seeks to limit the damage to the US-China bilateral relationship and maintain engagement strategies while addressing the national security concerns.