Biden expected to tighten rules on US investment in China

The Biden administration is close to tightening rules on some overseas investments by American companies. It's an effort to limit China's ability to acquire advanced technologies that U.S. officials worry could improve Beijing's military prowess. That's according to a U.S. official familiar with deliberations who was not authorized to comment and spoke on condition of anonymity. An executive order expected to be issued soon by President Joe Biden will limit American investment in technologies that have national security applications – such as next-generation military capabilities that could help China improve the speed and accuracy of military decision making. The expected action is the latest effort by the White House to target China’s military and technology sectors.