US Needs Caution on China Investment Curbs, Raimondo Says
- She says controls are priority but wants to get them right
- Lawmakers, Biden administration are looking at options
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The US is prioritizing plans to scrutinize US capital flows to China, but must move cautiously because it wants to ensure the strategy is targeted, Commerce Secretary Gina Raimondo said.
The Biden administration and Congress are both considering proposals that would create a system for monitoring and potentially blocking US investments in China, a process Raimondo described as “complicated” because there are many US pension firms that have invested people’s retirement money in the nation.