The Joe Biden administration will ban US investment into the quantum computing, advanced chip and artificial intelligence sectors in China, as it ratchets up efforts to ensure the Chinese military does not benefit from American technology and capital.

The US president issued an executive order on Wednesday establishing the prohibitions, which will largely affect private equity and venture capital firms, as well as US investors in joint ventures with Chinese groups.

A senior US official said the order would create a “very targeted” programme focussing on the three sectors that the administration has also marked out in a series of other technology-related measures aimed at China.

Read more on the ban here.