Không nên thế chứ

-----

I am not thrilled with these policy proposals (đề xuất chính sách):

President Joe Biden is expected to issue an executive order (sắc lệnh hành pháp) next month restricting (hạn chế) US investment in China, in part over concerns (lo ngại) about US national security (an ninh quốc gia). Those concerns are valid, but the move would cede far too much arbitrary power (quyền lực độc đoán) to the federal government (chính phủ liên bang) over capital flows and economic activity.

The policy will reportedly cover semiconductors (chất bán dẫn), AI and quantum computing, and on the supply side it applies to venture capital, private equity and some technology transfers (chuyển giao công nghệ) and joint ventures. It’s reminiscent (gợi nhớ) of the proposed ban on TikTok. You can debate whether a bill that said “Ban TikTok” — and little else — would be a good idea. In reality, what was proposed would potentially criminalize (hình sự hóa) a broad swath of internet activity in America.

Restrictions on capital flows to China would run into similar problems. On the surface, they would be addressing commonsensical national-security issues. Underneath, they would give the executive branch carte blanche to both punish foreign nations economically and to restrict domestic investors.

And this:

All said, it would be better for the US to devote (dành) resources to limiting Chinese espionage (hoạt động gián điệp), or upgrading US supply chains (chuỗi cung ứng) and weapons systems (hệ thống vũ khí). When it comes to relations with China, blocking its access (ngăn chặn tiếp cận) to key weapons systems should be the priority (ưu tiên).