Biden's Crackdown On Chinese Tech Investment

This week, the Biden administration stepped up its crackdown on Chinese technology in what is becoming the global conflict of the century. In this latest phase, an executive order signed Wednesday blocks and regulates U.S. investments in Chinese technology, covering everything from advanced computer chips and micro-electronics to quantum IT and AI. This is where national security begins to trump macroeconomics. It’s a stark choice between economics and world technological dominance, and only the latter can be a winning choice in the longer…