China fired back on Saturday after the US announced new restrictions on bilateral investments. The Chinese government vows to take \"necessary measures\" to protect its legitimate rights and interests.
A spokesperson for China's Ministry of Commerce (MOFCOM) slammed the US's \"America First\" investment policy memo, calling it discriminatory. The memo aims to limit Chinese investments in the US and American investments in China, which Beijing argues disrupts normal economic and trade relations.
\"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.”
China also criticized the US for imposing additional restrictions on American investments in China, labeling the decision as \"unreasonable.\" The MOFCOM warned that these policies could distort bilateral trade and investment flows, ultimately harming US interests. Industry groups and American businesses have expressed concerns that such restrictions might drive US firms out of the Chinese market in favor of global competitors.
The Chinese government has called on the US to adhere to international trade and investment rules, avoid politicizing economic issues, and respect market principles. MOFCOM reiterated that China would closely monitor the situation and take all necessary steps to protect its legitimate economic rights and interests.
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China slams US investment curbs, vowing to protect its interests
cgtn.com
