White House unveils ban on US investment in Chinese tech sectors::Biden cites security risk as he restricts American capital for companies linked to China’s military

  • LetMeEatCake@lemmy.world
    link
    fedilink
    English
    arrow-up
    33
    arrow-down
    2
    ·
    1 year ago

    It’s smart, I don’t know how people will feel about it but it’s smart.

    The US and China are in an escalating economic cold war. It’s goes completely against US interests to invest finite resources into growing the economy of an economic rival — and ditto for the converse of China investing into growing the US economy. Especially in an aggressively competitive economic sector where relative technological advancement is king for competitive purposes.

    • masterairmagic@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      16
      ·
      1 year ago

      This is 40 years too late. That ship has sailed. China is a technologically advanced nation now. It can not be condemed to poverty by Americans.

      • BobKerman3999@feddit.it
        link
        fedilink
        English
        arrow-up
        10
        arrow-down
        3
        ·
        1 year ago

        Who’s talking about that? It’s about helping the technology supremacy to a known bad actor… Say whatever you want about how evil the USA is but I’d rather be under their influence than under China’s or Russia’s

          • BobKerman3999@feddit.it
            link
            fedilink
            English
            arrow-up
            14
            arrow-down
            4
            ·
            1 year ago

            China invaded Tibet and genocided the entire population, same with Mongolia and with the Uyghurs. And if you talk about June 4 you are disappeared.

            Your point?

              • nrezcm@lemmy.world
                link
                fedilink
                English
                arrow-up
                6
                arrow-down
                4
                ·
                1 year ago

                And China isn’t? I must have missed the part where America used tanks to turn a bunch of students into a bloody pulp.

      • InverseParallax@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        6
        ·
        1 year ago

        No, it can only be condemned to poverty by its own leaders unimaginable corruption.

        America can thank God for that.