China has strongly condemned the United States' recent announcement of new restrictions on bilateral investments, promising to take \"necessary measures\" to protect its legitimate rights and interests. A spokesperson for China's Ministry of Commerce (MOFCOM) described the US's \"America First\" investment policy memo as discriminatory, aiming to further limit Chinese investments in the US and American investments in China.
The spokesperson accused Washington of expanding the definition of national security in a biased manner and implementing non-market policies that disrupt normal economic and trade relations between the two nations. \"These moves will severely damage Chinese companies' confidence in investing in the US,\" the spokesperson stated. \"We urge the US to provide a fair, transparent, and predictable business environment for Chinese investors.\"
In addition to targeting Chinese investments, the Chinese government has criticized the US for imposing further restrictions on American investments in China, labeling the decision as \"unreasonable.\" Beijing warned that such measures could distort bilateral trade and investment flows, ultimately harming US interests. Industry groups and American businesses have expressed concerns that these policies might drive US firms out of the Chinese market in favor of global competitors, according to MOFCOM.
China has called on the US to adhere to international trade and investment rules, avoid politicizing economic issues, and respect market principles. The Ministry of Commerce reiterated that China would closely monitor the situation and take all necessary steps to protect its legitimate economic rights and interests.
Reference(s):
China slams US investment curbs, vowing to protect its interests
cgtn.com
