BEIJING, Nov 25 (Reuters) -

China welcomes the presence of Nvidia ( NVDA ) and aims to

build a better business environment for foreign firms, its vice

commerce minister told an executive of the U.S. chip maker at a

meeting in Beijing on Monday.

Wang Shouwen's meeting with Nvidia's ( NVDA ) Jay Puri comes as

the Biden administration is

set to unveil

new export restrictions on China, aiming to further limit

Chinese businesses' access to semiconductors.

China's commerce ministry is willing to strengthen

communication with the U.S. to return economic and trade

relations between the two countries to "the right track," the

commerce ministry quoted Wang as saying.