Chinese and U.S. flags flutter adjacent The Bund, earlier U.S. commercialized delegation conscionable their Chinese counterparts for talks successful Shanghai, China July 30, 2019.
Aly Song | Reuters
BEIJING — China's Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration's enforcement order to restrict U.S. investments successful precocious Chinese technology.
China's Ministry of Commerce has met with businesses to recognize the order's impact, spokesperson Shu Jueting said successful Mandarin, translated by CNBC.
"On that basis, we are making a broad appraisal of the enforcement order's impact, and volition instrumentality indispensable countermeasures based connected the assessment's results," Shu said.
U.S. President Joe Biden last week signed an enforcement order aimed astatine restricting U.S. investments into Chinese semiconductors, quantum computing and artificial quality companies implicit nationalist information concerns.
The Treasury is mostly liable for implementation, and is presently gathering nationalist comments successful bid to signifier a draught regulation.
When asked astir U.S. Commerce Secretary Gina Raimondo's plans to sojourn China, Shu declined to corroborate a time, but said the 2 countries remained successful adjacent communication.
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