China has strongly criticized the United States for imposing new investment restrictions, asserting that such measures will ultimately harm the U.S. economy and diminish its international credibility. During a regular press briefing, Foreign Ministry spokesperson Lin Jian addressed a memorandum released by the U.S. on Friday, which categorizes China as a \"foreign adversary\" on national security grounds and introduces additional limitations on bilateral investments.
Lin expressed deep concern over the memorandum, stating, \"We strongly deplore and firmly oppose this and have lodged serious protests with the U.S. side.\" He highlighted that the tightened security reviews targeting Chinese investments in the United States are eroding the confidence of Chinese enterprises to invest abroad and are adversely affecting the U.S. business environment.
The spokesperson further criticized the increasing restrictions on U.S. investments in China, describing them as artificial interference that disrupts the natural flow of investment exchanges between the two nations. \"China urges the United States to abide by international investment and trade rules, respect the laws of market economy, and stop politicizing and weaponizing economic and trade issues,\" Lin emphasized.
Additionally, China called on the United States to cease undermining its legitimate development rights, with Lin affirming that China will take all necessary measures to protect its legitimate interests. Addressing the U.S. restrictions on China's shipbuilding industry and other sectors, Lin accused the United States of abusing the Section 301 investigation mechanism for domestic political gains, violating World Trade Organization (WTO) rules, and harming the multilateral trading system.
In conclusion, Lin Jian urged the United States to respect facts and multilateral regulations, calling for an immediate halt to its current policies. He reiterated China's resolve to defend its legitimate rights and interests through all necessary actions.
Reference(s):
China rebukes U.S. over new investment curbs, vows to defend interests
cgtn.com
