China's business community is raising alarms over the United States' latest move to limit bilateral trade and investment. The China Council for the Promotion of International Trade (CCPIT) expressed strong opposition to what it sees as an overextension of national security concerns disrupting economic exchanges between the two giants. 🇨🇳🤝🇺🇸
In response to the 'America First Investment Policy' memorandum, a CCPIT spokesperson highlighted that the U.S. is tightening restrictions on Chinese investments in key sectors like technology, critical infrastructure, healthcare, agriculture, energy, and raw materials. These measures include enhanced security reviews, economic sanctions, and financial audits aimed at controlling the scope, types, and sources of investments from China.
The spokesperson warned that such restrictions could significantly impact normal business operations, undermine the international economic and trade order, and disrupt global industrial and supply chains. 📉🌐
China is urging the U.S. to respect market economy laws and uphold fair competition principles. They called for a clear definition of national security boundaries in trade and economic fields and the removal of barriers to two-way investments. This, they argue, would foster a healthy environment for mutually beneficial and win-win cooperation between Chinese and American business communities.
The 'America First Investment Policy' was recently signed by U.S. President Donald Trump, signaling a firm stance on using legal instruments to restrict Chinese-affiliated investments in strategic sectors. This move marks a significant shift in U.S. economic policy and heightens tensions between the two nations. ⚖️🛡️
Reference(s):
China slams U.S. restrictions on bilateral trade, investment
cgtn.com
