BEIJING — China's Ministry of Commerce signaled Thursday it would respond, if needed, to the to restrict U.S. investments in advanced Chinese technology.
China's Ministry of Commerce has met with businesses to understand the order's impact, spokesperson Shu Jueting said in Mandarin, translated by CNBC.
"On that basis, we are making a comprehensive assessment of the executive order's impact, and will take necessary countermeasures based on the assessment's results," Shu said.
U.S. President last week aimed at restricting U.S. investments into Chinese semiconductors, quantum computing and artificial intelligence companies over national security concerns.
The Treasury is mostly responsible for implementation, and is currently in order to form a draft regulation.
When asked about U.S. Commerce Secretary Gina Raimondo's plans to visit China, Shu declined to confirm a time, but said the two countries remained in close communication.
