🚨 US TREASURY ISSUES FIRST PENALTY UNDER NEW CHINA TECH INVESTMENT RULES The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies. It disclosed a US$200,000 fine against the parent of Plug and Play Tech Centre. The Treasury said Amidi, LLC failed to submit a required notification after its Chinese fund subsidiary invested around US$92,478 in Shanghai Qiongche Intelligent Technology Company Limited. Source: South China Morning Post #US #Chinese #roboticsAIdeal
