U.S. President Joe Biden walks on the South Lawn at the White House in Washington, D.C., the United States, on May 10 (XINHUA)

Biden's executive order will designate China as a "country of concern," and the rules are expected to go into effect following a 45-day comment period.

U.S. President Joe Biden signed an executive order on August 9 that would block and regulate high-tech U.S.-based investments going toward China though Washington said repeatedly that they have no interest in "decoupling" from China.

Biden's executive order will designate China as a "country of concern," and it will limit American investments in three categories of national security technologies: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems, according to the U.S. Treasury Department.

The rules are expected to go into effect following a 45-day comment period.