Biden plans new restrictions on US investments in China, declares ’emergency’ on sensitive tech

US President Joe Biden announced on Wednesday plans for new restrictions on investments that US companies can make overseas, in a further move to blunt China’s access to technologies. In a separate but related move, the White House declared “a national emergency to deal with the threat of advancement by countries of concern in sensitive technologies and products critical to the military, intelligence, surveillance, or cyber-enabled capabilities of such countries”.