Officials announcing the step repeatedly emphasized their goal was to limit US capital from aiding China’s military – not to damage China’s economy. “This is a national security action, not an economic one. US national security adviser Jake Sullivan described the measures as “tailored” in April. Since then, officials have worked to finalize the new investment rules, including narrowing them to focus squarely on national security technology. Still, Biden and his team have encouraged other countries to take similar steps to “de-risk” national security supply chains from China.

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Persons: Joe Biden’s, “, Janet Yellen, Gina Raimondo, Jake Sullivan, ”, Biden, don’t, Nikki Haley, Xi Jinping, Still, Xi Organizations: CNN, Officials, US, American, ”, technology, Republicans, South, Republican Locations: China, Beijing, Yellen, United States, Washington, South Carolina, Europe