China has expressed deep dissatisfaction and firm opposition to the United States’ recent announcement of investment restriction rules targeting Chinese technology sectors, the Chinese Foreign Ministry stated on Tuesday.
At a press conference, Lin Jian, spokesperson for the ministry, emphasized that China has made formal representations to the U.S. and will take all necessary measures to resolutely safeguard its legitimate rights and interests.
“China is deeply dissatisfied with and firmly opposes the U.S. announcement of investment restriction rules targeting China. We have made representations to the U.S. and will take all necessary measures to resolutely safeguard our legitimate rights and interests,” Lin said.
The U.S. government’s new rules aim to curb American investments in certain Chinese technology industries, citing national security concerns. These restrictions are expected to impact sectors such as semiconductors, artificial intelligence, and quantum computing.
The announcement has further heightened tensions between the world’s two largest economies, raising concerns over the potential impact on global supply chains and international trade relations. Business professionals and investors are closely monitoring the developments, assessing how these restrictions might affect market dynamics and investment opportunities in Asia.
As the situation evolves, scholars, analysts, and international observers are paying close attention to the responses from both nations. The unfolding events underscore the ongoing complexities in U.S.-China relations and their implications for the global economic landscape.
Reference(s):
China slams U.S. rules to curb investment in Chinese tech sectors
cgtn.com
