Anti-China step seen hitting US tech firms

Biden order limits further investment in advanced sectors despite local impact

US President Joe Biden on Thursday signed an executive order to further restrict foreign investment in US technologies, in yet another move aimed at containing China's technological development.

The order directs the Committee on Foreign Investment in the United States, or CFIUS, to further scrutinize foreign investments and transactions related to national supply chains and in tech sectors.

Although the order did not mention China by name, it said targets are "particularly those from competitors or adversarial nations", the same language used in other anti-China policies.