Dr. Biden's Rx: salt for China's wounds
As China's economy slips into deflation, the White House imposes new sanctions against investing there
U.S. President Joe Biden issued an executive order restricting American investment in leading-edge technologies in China that it says could help China’s military.
Specifically, the order empowers Treasury Secretary Janet Yellen to control U.S. investment from the U.S. in any Chinese company involved in advanced semiconductors, military applications of a…