Analysis: President Biden has been stepping up high-level engagement with China even as his White House seemingly tries to preempt bipartisan legislation that would impose new restrictions on American investment there with its own executive actions.
limit U.S. venture capital firms and other organizations
from pouring money into Chinese companies in high-tech areas that could threaten national security, likehow the Biden administration will define artificial intelligence in its executive order, people familiar with the matter told Semafor. The term AI is often used to refer to a wide range of different technologies, from chatbots to smart thermostats. Companies are concerned that if the White House fails to come up with a precise enough definition, itChalfant and Matsakis noted Congress, which had been content to let the White House go first, may lose its patience and take up bipartisan legislation from Sens.
Cutting off China’s access to American capital and global production of microchips isn’t the same as lobbing missiles at each other.
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