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Aug
Washington, Aug 10, US President Joe Biden has slapped new bans on investments in advanced technology industries in China in order to protect national security. President Biden signed an executive order late on Wednesday, banning US investments in certain key tech sectors of China. The new rules would place restrictions on investments by US private equity and venture capital firms, as well as joint ventures, in Chinese artificial intelligence, quantum computing and semiconductors, reports CNN. China’s Ministry of Commerce said in a statement on Thursday that “the ban greatly disrupts the normal pace of business decision-making, the international trade order,…