The White House is briefing industry on coming rules to govern American investments in China. But some key details remain up in the air
The administration insists that its economic, diplomatic and security leaders are united on China and that recent statements do not represent a shift in rhetoric or policy. But they also acknowledge that policy discussions continue over the scope of the executive order to regulate U.S. investment and other initiatives.
In February, a suspected Chinese spy balloon floated over the continental U.S., igniting a firestorm of criticism from Capitol Hill and the White House. Yellen and Blinken’s trips were subsequently postponed, and the Biden administration sanctioned Chinese firms connected to the balloon incident. The— ongoing since the Biden-Xi meeting — dried up as well.
The desire to renew in-person dialogue has its limits. At the same time, the White House is also pushing ahead with the first wide-ranging government oversight of American business in China.sought to craft new rules
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