US imposes new restrictions on Chinese investments in semiconductors, AI and quantum sectors

The U.S. Treasury Department recently announced that it will restrict U.S. companies and citizens from investing in China's semiconductor, artificial intelligence (AI) and quantum fields starting January 2, 2025. This decision was made after consulting private enterprises. The new regulations are aimed at blocking the flow of U.S. funds into these key technology fields and preventing them from being used against the United States and its allies. The Chinese Ministry of Foreign Affairs expressed strong dissatisfaction with this and stressed that it will take necessary measures to safeguard its rights and interests. The Hong Kong Special Administrative Region Government also expressed strong opposition to the U.S. approach, believing that it was politically motivated and undermined normal investment and trade activities and the free market.