China's Response to Biden's Executive Order: Assessing Impact and Considering Countermeasures

China's Ministry of Commerce has stated that it will take necessary countermeasures in response to the Biden administration's executive order aimed at restricting U.S. investments in advanced Chinese technology. The ministry is currently assessing the order's impact and has met with businesses to understand its implications. The executive order focuses on limiting investments in Chinese semiconductors, quantum computing, and artificial intelligence companies due to national security concerns. The Treasury is responsible for implementation and is gathering public comments to form a draft regulation. The timing of U.S. Commerce Secretary Gina Raimondo's visit to China remains unconfirmed, but the two countries are said to be in close communication.