Beijing criticized the new US policy aimed at restricting investment in Chinese technology, stating that it disrupts global industrial and supply chains. The Ministry of Commerce spokesperson expressed concerns about the executive order issued by President Joe Biden, stating that it deviates from fair competition principles and damages international trade order. China reserves the right to take measures in response to this policy.
Biden’s executive order specifically targets sensitive high-tech sectors such as semiconductors, quantum computing, and artificial intelligence. These restrictions are expected to be implemented next year as part of the Biden administration’s efforts to strengthen its position against China in various areas.
In response, China hopes that the US will avoid obstructing economic and trade exchanges and cooperation and refrain from hindering the world economy’s recovery.
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