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 could reply, if wanted, to the Biden administration’s govt order to limit U.S. investments in superior Chinese language expertise.
China’s Ministry of Commerce has met with companies to grasp the order’s influence, spokesperson Shu Jueting mentioned in Mandarin, translated by CNBC.
“On that foundation, we’re making a complete evaluation of the chief order’s influence, and can take needed countermeasures primarily based on the evaluation’s outcomes,” Shu mentioned.
U.S. President Joe Biden final week signed an govt order aimed toward limiting U.S. investments into Chinese language semiconductors, quantum computing and synthetic intelligence firms over nationwide safety considerations.
The Treasury is generally liable for implementation, and is at the moment gathering public feedback with the intention to type 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.
