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The new program is expected to cover private-equity and venture-capital investments in advanced semiconductors, quantum computing and some forms of artificial intelligence, the Wall Street Journal reported on Friday, citing people familiar with the matter. It is not a "surprising" move for Washington to extend its hostility against China's high-tech development into financial areas, but clearly it is not going to be an effective way, Ma Jihua, a veteran industry analyst, told the Global Times on Sunday. Restricting investment takes a relatively long time to produce the desired results for Washington, Ma said, and there will be a series of unpredictable events along the way.