In the Market: Funds Fret over the Fallout of Biden’s China Order
Fund managers are worried the Biden administration's move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
The executive order regulates U.S. investments in China in sensitive technologies. Investors, advisers and an administration official said it is tailored around national security and reflects months of consultations with industry and other stakeholders.
"The executive order in and of itself is establishing a framework for further action," said Anthony Rapa, co-chair of law firm Blank Rome's international trade practice group. "It will be very important to monitor how this executive order is being received in Congress."
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"In the Market: Funds Fret over the Fallout of Biden’s China Order," by Paritosh Bansal was published in Reuters on August 14, 2023.