China will closely monitor the US "entity list" and take steps to protect its rights and interests, Huang Libin, a spokesman for China's Ministry of Industry and Information Technology, said on Tuesday.
Speaking at a briefing, the official told reporters that China will continue broadening the scope of foreign investment in sectors such as telecommunications, Internet, and the car industry.
"We will look at the trade friction between China and the United States with an open mind and a big heart", the spokesman said. "We will not blindly emphasise 'self-reliance', and not decouple from the development of international industries".
In May, the US put the telecom company Huawei and its affiliates on a blacklist, restricting the company's access to the purchase of US hardware. The ban is expected to come into effect next month.
The White House has repeatedly accused Huawei of espionage activities on behalf of the Chinese government, charges that both the company and Beijing vehemently deny.
The accusations come as part of a broader US-Chinese trade row that broke out after Washington imposed increased tariffs on Chinese imports, which later resulted in a series of tit-for-tat measures.