Yellen Says US Investment Curbs Won’t ‘Fundamentally’ Hurt China

US Treasury Secretary Janet Yellen said restrictions the Biden administration is crafting on outbound investments to China wouldn’t significantly damage the nation’s ability to attract US investment.

The restrictions would be “narrowly targeted” and would focus on “a few sectors, in particular semiconductors, quantum computing, and artificial intelligence,” Yellen said Monday in an interview with Bloomberg Television. “These would not be broad controls that would affect US investment broadly in China, or in my opinion, have a fundamental impact on affecting the investment climate for China.”

US Treasury Secretary Yellen says any proposed restrictions on outbound investments to China would be “narrowly targeted.”

Source: Bloomberg

Yellen spoke from Gandhinagar, India where she’s meeting with finance chiefs from the ...