Author: Alexandra Alper
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Biden plans to bar some U.S. investments in China, track others-sources
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) – The Biden administration plans to outright ban investments in some Chinese technology companies and to increase scrutiny of others, three sources said, part of its plan to crackdown on the billions American firms have poured into sensitive Chinese sectors. The ban is expected to apply to…
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Chinese filings for U.S. clearance on investments doubled in 2021
By Alexandra Alper and David Lawder WASHINGTON (Reuters) -Chinese investors roughly doubled the number of applications they made last year seeking U.S. regulatory clearance for proposed stakes in American companies, according to a new Treasury Department report released on Tuesday. The annual report https://home.treasury.gov/system/files/206/CFIUS-Public-AnnualReporttoCongressCY2021.pdf for the Committee on Foreign Investment in the United States (CFIUS),…
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Lawmakers unveil bill barring U.S. data flows to high-risk countries
WASHINGTON • A bipartisan group of U.S. senators introduced legislation on Thursday that would give the Biden administration the power to block exports of U.S. personal data to countries like China that they say pose national security risks. The bill, co-sponsored by Finance Committee chair Ron Wyden, a Democrat, and Marco Rubio, the top Republican…
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‘Our work’s not done,’ Biden says, addressing skeptics at one-year mark
WASHINGTON • President Joe Biden on Wednesday said he had underestimated the extent of Republican opposition to his programs and acknowledged Americans’ frustration at the slow pace of COVID-19 testing, but said the United States was on track to meet considerable challenges from the pandemic and inflation. Marking the near one-year anniversary of his presidency,…