"China has taken note of the situation. Beijing consistently opposes any generalization of national security or abuse of export controls," the ministry said in a statement.
If the bill ultimately becomes law, it will seriously undermine the international trade and economic order and significantly disrupt the stability of global semiconductor production and supply chains, the statement added.
China will closely monitor the legislative process and carefully assess its impact on the country's interests, and will take firm and necessary measures to safeguard the lawful rights and interests of Chinese companies, the statement read.