The Commerce Ministry last Thursday said it is concerned about the signing of an executive order in Washington that blocks investing in the US from some Chinese businesses.
The restrictions on investing in the US are expected to take effect in 2024
US President Joe Biden signed the executive order last Wednesday to limit investing in the US companies involved in microelectronics and semiconductors. And also limits investing in the US in quantum information technology and artificial intelligence systems.
The signed order requires US venture investors to notify the Treasury of potential investment in Chinese companies before investing in the US.
A ministry spokesperson said the restrictions on investing in the US from China undermined international trade and disrupted the security of the global industry.
The SAR government voiced opposition to the investing in the US restriction
The Foreign Ministry said Beijing was dissatisfied and opposed the restrictions on investing in the US.
The new investment in the US restriction would affect investment and trading activities between the two sides.
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