Washington is finalizing a decree to restrict his country’s investment in China’s defense industry, according to reports.
China has rejected a US request to hold a meeting between its defense chiefs on the sidelines of an annual security forum in Singapore next weekend, The Wall Street Journal reported Monday.
“Overnight, China informed the US that they have declined our early May invitation for Secretary [Lloyd] Austin will meet with Chinese Defense Minister Li Shangfu in Singapore this week,” the Pentagon said in a statement seen by the cited outlet.
At the same time, the Axios portal reported that US President Joe Biden would be finalizing a decree to restrict his country’s investment in China’s defense industry. If carried out, the move will further intensify what Beijing calls US “coercive diplomacy.”
According to knowledgeable sources, the executive order, which seeks to prevent China from gaining a military advantage in certain technologies, will be released in the middle of this summer. They also detailed that its publication was delayed after negotiations by Biden officials to convince Washington’s allies of the need to coordinate their efforts.
Source: RT
