Biden Signs Executive Order , Limiting Investments in Chinese Tech Industries.<br />The president signed the <br />executive order on Aug. 9.<br />Sectors that it targets include <br />"quantum computing, artificial intelligence and advanced semiconductors," NBC News reports. .<br />Sectors that it targets include <br />"quantum computing, artificial intelligence and advanced semiconductors," NBC News reports. .<br />The order declares China's <br />"rapid advancement" in various tech <br />industries to be a national emergency.<br />China's strides in developments for armed forces, intelligence, surveillance and more constitute "an unusual <br />and extraordinary threat to the national security of <br />the United States," according to the executive order. .<br />The Chinese Commerce Ministry <br />issued a statement on Aug. 10.<br />This seriously deviates from <br />the market economy and fair competition principles that the <br />U.S. has always advocated, Chinese Commerce Ministry, via statement.<br />It affects the normal operation and decision-making of enterprises and undermines the international economic and trade order, Chinese Commerce Ministry, via statement.<br />U.S. lawmakers praised the development but <br />think more action is needed, NBC News reports. .<br />The failure to include existing technology investments as well as sectors like biotechnology and energy is concerning, Michael McCaul, House Foreign Affairs Chairman, via statement.<br />The threats we face are not static, <br />and our actions need to be dynamic <br />and coordinated with allies and partners to ensure we are building a lasting security for the American people, Rep. Raja Krishnamoorthi, via statement
