The US Department of the Treasury has released a statement confirming that it is finalizing rules to restrict investments in technologies that may pose a threat to US national security in China. The new regulations will cover advanced semiconductor microelectronic, quantum information technology, and certain artificial intelligence systems. The Treasury Department has also announced that it will establish a new office to oversee the new regulations, which will take effect on January 2. The regulations are in response to a presidential order signed by President Biden.
The new regulations will impose restrictions on US investments in areas such as advanced encryption computing systems and next-generation fighter jets. The Treasury Department has emphasized that the new regulations are designed to protect US national security and prevent China from acquiring sensitive technologies through investment.
China has expressed strong opposition to the new regulations, with foreign ministry spokesperson Hua Chunying calling them 'absolute overreach'. China has vowed to take 'all necessary measures' to protect its rights and interests.
Source: [Upper Ocean News](https://www.jfdaily.com/staticsg/res/html/web/newsDetail.html?id=812423)