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US restricts high-tech investment in China

Employees work on a semiconductor chip production line at Jiangsu Azure Corp in Huaian, Jiangsu province, China, March 25, 2022. [Reuters]

U.S. President Joe Biden signed an executive order on Wednesday to impose restrictions on U.S. investments in some high-tech industries in China.

Biden's executive order could again heighten tensions between the U.S., the world's biggest economy, and No. 2 China after a period in which leaders of the two countries have held several discussions aimed at airing their differences and seeking common ground.

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