ChinaTalk "Emergency" Pod: Outbound Investment Screening!
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Aug 12, 2023 Emily Benson, an expert in technology policy at CSIS, and Martin Chorzempa, a fellow at PIIE specializing in economic policy, dive into the intricacies of new outbound investment screening rules. They discuss the Biden administration's cautious stance towards China amidst fears over tech dominance. The duo highlights bipartisan efforts on regulating investments in semiconductors and AI, while exploring the balance between national security and technological advancement. Their conversation also includes a light-hearted take on the bureaucratic challenges of these regulations.
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Closing the Loophole
- The proposed outbound investment screening aims to close a loophole.
- U.S. capital could invest in Chinese tech, undermining export controls.
Partisan Divide
- Initial outbound investment proposals were broad, facing partisan division, unlike typical patterns.
- Republicans were split, some supporting it as anti-China, others opposing government overreach.
GOP Opposition
- Republicans' opposition to decoupling stems from concerns about expanding government power.
- This contrasts with their usual anti-China stance, raising questions for future policy.