The European Commission will analyse the U.S. ban on new U.S. investment in China in sensitive technologies such as computer chips and is in close contact with the U.S. administration.
U.S. President Joe Biden on Wednesday signed an executive order to prohibit or restrict U.S. investments in Chinese entities in semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.
According to him, government is working actively to secure the interest of the nation in the face of unhealthy competition from other regions.
In a swift reaction, China accused Washington of artificially hindering global economic and trade exchange or set up obstacles for the recovery of the world economy.
Meanwhile, European union commission says it will be analyzing the executive order on outbound investment released by the U.S. on 9 August, noting that it is in close contact with the US administration and look forward to continued cooperation on this topic.
