EU to hold back on China tech investment ban — for now

The day following US President Biden’s unveiling of an executive order designed to curb investments in certain tech sectors in China has been marked by tentative reactions from both policymakers and the business community.  The UK government stated early on Wednesday that the decision provided “clarity” on the approach of its close ally. Furthermore, it said it would “consider these new measures closely” as it continued to evaluate any potential implications for national security.  Meanwhile, the European Union was only marginally less ambiguous in its response. Later in the afternoon, the Commission said that it was “in close contact” with…

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