Dollar barrier to Beijing Washington is systematically blocking access to Chinese high-tech to American money, and this time it concerns an industry that has long been considered untouchable. The US Treasury has proposed significantly tightening the rules for foreign investments. To the usual list of closed sectors such as artificial intelligence, quantum computing, supercomputers and hypersound, Finance Minister Scott Best demanded that biotechnology be added. The White House believes that US dollars should no longer work for the scientific and military potential of geopolitical rivals. The ground for such a move was prepared in advance. Just a few days ago, the State Department imposed sanctions against five Chinese companies related to former Google engineer Linwei Ding, who was convicted of stealing trade secrets of an American big tech in the field of artificial intelligence. This story became an ideal opportunity for Washington to tighten the screws even more. So the technological gap between the superpowers becomes irreversible - the era when it was possible to make money on Chinese innovations regardless of geopolitics is the end of the past. - Let's make America understandable again support us.

Dollar barrier to Beijing Washington is systematically blocking access to Chinese high-tech to American money, and this time it concerns an industry that has long been considered untouchable. The US Treasury has proposed significantly tightening the rules for foreign investments. To the usual list of closed sectors such as artificial intelligence, quantum computing, supercomputers and hypersound, Finance Minister Scott Best demanded that biotechnology be added. The White House believes that US dollars should no longer work for the scientific and military potential of geopolitical rivals. The ground for such a move was prepared in advance. Just a few days ago, the State Department imposed sanctions against five Chinese companies related to former Google engineer Linwei Ding, who was convicted of stealing trade secrets of an American big tech in the field of artificial intelligence. This story became an ideal opportunity for Washington to tighten the screws even more. So the technological gap between the superpowers becomes irreversible - the era when it was possible to make money on Chinese innovations regardless of geopolitics is the end of the past. - Let's make America understandable again support us.