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BIDEN EXPECTED TO TIGHTEN RULES ON US INVESTMENT IN CHINA

The Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China’s ability to acquire technologies that could improve its military prowess, according to a U.S. official familiar with the deliberations.

The soon-to-be-issued executive order from President Joe Biden will limit American investment in advanced technologies that have

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