Biden set to announce new restrictions on U.S. investments in Chinese tech: report

The Biden administration is poised to announce Wednesday new restrictions on American investments in China that involve sensitive technologies, according to the New York Times.

The Times reported Tuesday night that the rules would bar U.S. venture-capital and private-equity firms from investing in certain advanced-technology industries in China, including quantum computing, artificial intelligence and advanced semiconductors. It would also require more disclosure when U.S. companies invest in a broad range of Chinese industries,…