Beijing Condemns US Restrictions on Chinese Tech Investments, Accuses Washington of Disrupting Global Supply Chains

 Beijing has strongly condemned a new US policy that aims to restrict investment in Chinese technology, accusing Washington of disrupting global supply chains. US President Joe Biden recently signed an executive order directing the Treasury Department to limit certain US investments in China's high-tech sectors, including semiconductors, quantum computing, and artificial intelligence.

China's foreign ministry has denounced the move as an attempt to engage in anti-globalization and de-sinicisation, emphasizing that it will resolutely protect its own rights and interests. The Chinese government has expressed serious concerns about the restrictions, which are set to take effect next year, and has reserved the right to take measures in response.

Chinese internet giants Alibaba, Baidu, Bytedance, and Tencent have reportedly ordered $5 billion worth of chips from California-based Nvidia to power generative artificial intelligence systems, amid fears that the US may begin restricting exports. China has urged the US to avoid obstructing global economic and trade exchanges, as well as hindering the recovery of the world economy.

The restrictions come as the Biden administration seeks to strengthen its position in various areas, including military, economic, and technological domains, regarding its relationship with China.