China's Ministry of Commerce has indicated its intention to respond to the executive order issued by the Biden administration to limit American investments in advanced Chinese technology. The Ministry has engaged with businesses to understand the potential impact of the order and is conducting a comprehensive assessment of its consequences. The executive order, signed by U.S. President Joe Biden, targets investments in Chinese semiconductor, quantum computing, and artificial intelligence companies due to national security concerns. While the timing of U.S. Commerce Secretary Gina Raimondo's visit to China remains uncertain, the two countries are reported to maintain close communication.
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00:00 It's Benzinga and here's what's on the block.
00:02 China's Ministry of Commerce has indicated its intention to respond to the executive
00:06 order issued by the Biden administration aimed at limiting American investments in advanced
00:11 Chinese technology.
00:13 The ministry has engaged with businesses to understand the potential impact of the order
00:17 and is conducting a comprehensive assessment of its consequences.
00:21 The executive order signed by U.S. President Joe Biden targets investments in Chinese semiconductor,
00:27 quantum computing and artificial intelligence companies due to national security concerns.
00:32 While the timing of U.S. Commerce Secretary Gina Raimondo's visit to China remains uncertain,
00:38 the two countries are purported to maintain close communication.
00:41 For all things money, visit Benzinga.com.
00:43 [BLANK_AUDIO]