China has criticized President Joe Biden's executive order limiting U.S. Investment in technology, but did not immediately announce counter measures. The Chinese Commerce Ministry expressed "grave concern" and said it reserved the right to implement measures in response. The order aims to restrict U.S. investment and expertise in semiconductors, microelectronics, quantum computing, and certain artificial intelligence capabilities in China, Hong Kong, and Macao. The Chinese Ministry of Commerce argued that the order deviates from fair competition principles and disrupts the global industrial and supply chains. The move is seen as an attempt by the U.S. to limit technology transfers and investments in China.

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