The Biden administration is planning for an executive order next month that aims to limit U.S. investment in certain sectors in China, according to a Bloomberg report citing unnamed sources. The order looks set to come around the time of a Group of Seven meeting in Japan that starts on May 19, as the U.S. wants G-7 nations to endorse it. A Wall Street Journal report last month said the Biden administration was preparing a new program that could prohibit U.S. investment in certain sectors in China and was reaching out to G-7 allies to build support for the concept.
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