U.S. Limits Military Investment in China

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Fox News

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Biden finalizes crackdown on US military tech investments in China with one week to lame duck session

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The Treasury Department finalized a crackdown that will prevent the U.S. from investing in the development of military technologies in China this week .

Hawks say the rule is "long overdue" and not broad enough, while some are skeptical of taking US . investment power out of China .

The rule seeks to limit the access "countries of concern" like China , including Hong Kong and Macao , have to fund development of high-level technologies.

U.S. investment in China has been on the decline for years amid a cooling of relations between the two world powers.

A House Republican aide said the U.N. should want Americans at the forefront of technology development in other countries.

Others criticized the Biden administration for waiting until the week before the election to finalize such a rule.

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