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Business Matters: China responds to US President Biden's sanctions

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10/08/2023 GMT

China responds to US President Biden's sanctions

BBC World Service - Business Matters, China responds to US President Biden's sanctions

China responds to Biden's executive order restricting US investment in Chinese tech

The US plans to require American companies to disclose investments they make in China in high-tech sectors such as artificial intelligence.

US President Joe Biden will ban some US investment into Chinese quantum computing, advanced chips and artificial intelligence sectors, as it boosts efforts to stop China’s military from accessing American technology and capital. We hear how China have responded to the restrictions and what this means for their future economic relationship.

Entertainment giant Disney has reported losses that shows declines of its television and movie businesses. We get the latest on the future of the company. 

And Mexican-American musician Sixto Rodriguez who is best known for his song Sugar Man has passed away. Mr Rodriguez failed to achieve commercial success in the US but years later his music developed a cult following overseas. We reflect back on his career.

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