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Biden order curbing investment to China expected next week-sources

U.S. President Joe Biden delivers remarks on the economy at Auburn Manufacturing, a company that produces heat- and fire-resistant fabrics for a range of industrial uses in the U.S. and abroad, in Auburn, Maine, U.S. July 28, 2023. REUTERS/Jonathan Ernst/File Photo

Aug 4 (Reuters) – President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter.

A White House spokesman declined to comment.

The goal of the order is to prevent U.S. capital and expertise from…

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