Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe Biden administration has set out its latest plans to curb the modernisation of China\u2019s military with a new regulation restricting US investment in Chinese cutting-edge technology.The Treasury on Friday released proposals for a new rule designed to implement an executive order that President Joe Biden signed last year. The regulation \u2014 which could be amended following a six-week public comment period \u2014 is aimed at restricting the flow of US technology, capital and expertise to groups in China that work with the People\u2019s Liberation Army.It is the latest US effort to make it harder for Chinese groups deemed to be a security threat to gain access to new technology and will complement several sweeping export control packages introduced over the past two years.\u201cThis proposed rule advances our national security by preventing the many benefits certain US investments provide \u2014 beyond just capital \u2014 from supporting the development of sensitive technologies in countries that may use them to threaten our national security,\u201d said Paul Rosen, the top Treasury official for investment security.The regulation would introduce outright bans on certain investments and require American individuals and organisations to notify the government of other transactions. It also includes possible exceptions, including for investments in publicly traded securities or funds. The new rule would affect everything from equity investments to debt financing that is convertible to equity. It would also apply to greenfield investments and joint ventures. But it would exempt investments by limited partners (LP) \u2014 endowments and pension funds that seed venture capital and private equity groups \u2014 below a certain threshold.The Treasury said the regulation would prevent the exploitation of US investment by countries \u201cseeking to develop sensitive technologies or products that are critical to the next generation of military, intelligence, surveillance, or cyber-enabled capabilities\u201d that pose a threat to the US. But it singled out China as a \u201ccountry of concern\u201d.The Biden administration has been criticised \u2014 mostly by Republican lawmakers \u2014 for not proposing to ban investment in publicly traded securities.The effort to screen outbound investment is one of a number of issues that have stoked tensions between the US and China. In the six months since Biden and China\u2019s President Xi Jinping met in San Francisco, the two countries have stepped up high-level engagement to try to stabilise relations. But senior US officials from Treasury secretary Janet Yellen to national security adviser Jake Sullivan have been clear with Beijing that Washington will continue to introduce measures to reduce what they view as security threats from China.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe Biden administration has set out its latest plans to curb the modernisation of China\u2019s military with a new regulation restricting US investment<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-134942","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/134942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=134942"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/134942\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=134942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=134942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=134942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}