"Carefully Consider" Tech Investment Ban: China Asks US

U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved in semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

China's international trade council has formally asked the United States to "carefully consider" rules that ban or restrict U.S. investments in China's tech sector, state television reported on Friday.

U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved in semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

State television said the China Council for the Promotion of International Trade, which is supervised by the Ministry of Commerce, said the order sets "vague and broad restrictions" on investors and transaction types, and does not differentiate between military and civilian purposes.