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This is CBS Island World.

I'm John Bachelor Gordon Chang.

I've Gordon G Chang, my colleague and co-host.

And we go to the U.S. Treasury looking very, very harshly at the People's Republic of China. Following the Third Planum, this is a

especially sensitive matter. The Third Planum measured the Chinese economy and

said, help.

The headline, Treasury issues proposed regulations prohibiting certain U.S. investments

in Chinese technology companies.

Jonathan Ward, the author of Decisive Decade,

a senior fellow of the Hudson Institute joins us.

First to you, Gordon, proposed regulations prohibiting

certain US investments in Chinese technology companies.

I am surprised as an amateur that this hasn't happened before.

...