China urges US Treasury to stop proposed restrictions on tech investments

AI Summary

China urged the United States to reconsider proposed rules that would further restrict American investment in Chinese technology industries. The proposed measures cover areas including hypersonic systems and quantum technology, and Beijing warned they could disrupt trade relations.

Chinese officials called on the U.S. Saturday to reconsider its proposed rule seeking to further restrict American investments into its tech industry, saying the move would disrupt trade relations between the two countries. On Thursday, the Treasury Department proposed a rule expanding existing restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems, quantum…