that limits U.S. investment in technology — but stopped short of issuing immediate counter measures.
The Chinese Embassy in Washington called the move by the Biden administration another attempt to "politicize and weaponize trade" between the world's two largest economies. The Chinese Commerce Ministry called upon the U.S. to "respect the market economy and the principles of fair competition" and to "refrain from artificially hindering global trade and creating obstacles that impede the recovery in the global economy."
An editorial photo art illustrating smart city communication networks against the urban landscape in Shanghai.On Wednesday, Biden signed off on the executive order that limits U.S. investment and expertise in semiconductors and microelectronics, quantum computing and certain artificial intelligence capabilities in China, Hong Kong and Macao.
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