U.S. Department of Finance develops the regulations, which will disable Chinese companies to invest in U.S. technology companies as well as block any additional technology export to Beijing, The Wall Street Journal reported quoting the sources, DW reports.
Reportedly, the limitations can affect the companies, in which China owns not less than 25% of shares. The development of regulations has not been completed yet and the representatives of the industry will be able to speak out, before the new developments become effective.
It is noted that it may be officially reported about new measures by late June.
According to WSJ, new rules were targeted at expanding the control over export, stopping delivery of significant technologies in China and preventing Beijing’s progress in implementing the strategy Made in China 2025, which is aimed at making China a global leader in ten technological regions.
It was previously reported that Trump threatened China that U.S. can impose additional tariffs, amounting to 10%, for Chinese goods, totaling $200 bln. China responded that it will retaliate, if U.S. imposes new tariffs.
