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 expertise.
China’s Ministry of Commerce has met with companies to know the order’s influence, spokesperson Shu Jueting stated in Mandarin, translated by CNBC.
“On that foundation, we’re making a complete evaluation of the manager order’s influence, and can take obligatory countermeasures based mostly on the evaluation’s outcomes,” Shu stated.
U.S. President Joe Biden final week signed an government order aimed toward proscribing U.S. investments into Chinese language semiconductors, quantum computing and synthetic intelligence corporations over nationwide safety issues.
The Treasury is generally chargeable for implementation, and is at the moment gathering public feedback with the intention to kind a draft regulation.
When requested about U.S. Commerce Secretary Gina Raimondo’s plans to go to China, Shu declined to verify a time, however stated the 2 nations remained in shut communication.