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Tag: White House

U.S. needs risk management strategy for U.S.-China relations

U.S. needs risk management strategy for U.S.-China relations

economy, LifeStyle
With the recent executive order signed by U.S. President Joe Biden, calling for enhanced scrutiny of cross-border transactions in sensitive areas such as artificial intelligence, quantum computing, and biotechnology, it is evident that the United States recognizes the need for a risk management strategy in its relations with China. This move indicates a growing urgency towards decoupling between the two countries. The United States has expressed concerns about national security risks associated with foreign investments in critical technologies and sensitive industries. The aim is to safeguard sensitive intellectual property and technological advancements that are vital to U.S. economic competitiveness and national security. By strengthening the review process conducted by the Committ...