Opinion
Biden’s Not Pushing U.S. Investors Away From China. China Is
Chinese government policies had soured U.S. investors on Chinese companies before President Biden banned investments in certain high-tech sectors. But there are opportunities for common ground in sectors like energy.
On Aug. 9, President Joe Biden signed an executive order banning U.S. investments in China’s advanced technology sectors, including semiconductors, artificial intelligence and quantum computing.
The ban has attracted much attention, and concern from some investors. But it will have only a modest impact. Dollar-denominated funds in China with American limited partners already had halted investments in semiconductor companies, which now only take investments in Chinese yuan. Investors question how AI companies will make money. Quantum computing technology is largely still in the lab and has not drawn much investment.