Chinese language and U.S. flags flutter close to The Bund, earlier than U.S. commerce delegation meet their Chinese language counterparts for talks in Shanghai, China July 30, 2019.
Aly Tune | Reuters
BEIJING — China’s Ministry of Commerce signaled Thursday it might reply, if wanted, to the Biden administration’s government order to limit U.S. investments in superior Chinese language know-how.
China’s Ministry of Commerce has met with companies to grasp the order’s impression, spokesperson Shu Jueting mentioned in Mandarin, translated by CNBC.
“On that foundation, we’re making a complete evaluation of the manager order’s impression, and can take obligatory countermeasures primarily based on the evaluation’s outcomes,” Shu mentioned.
U.S. President Joe Biden final week signed an executive order geared toward proscribing U.S. investments into Chinese language semiconductors, quantum computing and synthetic intelligence corporations over nationwide safety considerations.
The Treasury is generally chargeable for implementation, and is presently gathering public feedback to be able to kind a draft regulation.
When requested about U.S. Commerce Secretary Gina Raimondo’s plans to go to China, Shu declined to substantiate a time, however mentioned the 2 nations remained in shut communication.
