Biden issues order restricting US tech investments in China over national security concerns

President Biden signed an executive order blocking certain US investments in China's semiconductor, AI, and quantum computing sectors.
The order aims to limit China's military development and acquisition of technologies that could undermine US security interests.
China criticized the US restrictions as an attempt to maintain "technological hegemony" and disrupt global trade.
The Treasury Department will define prohibited investments and require disclosures, with rules taking effect in 2024.
Experts say the order sends a strong message but may have limited immediate impact while chilling future US-China tech investment.