🚨 China has hit back at the United States over new investment curbs, claiming these measures could backfire on the US economy itself. During a recent press briefing, Foreign Ministry spokesperson Lin Jian emphasized that shutting out Chinese enterprises would harm the US's economic interests and international standing.
📝 The US released a memorandum last Friday detailing tighter restrictions on two-way investments with China, categorizing China as a \"foreign adversary\" on national security grounds. Lin strongly opposed these moves, stating, \"We strongly deplore and firmly oppose this and have lodged serious protests with the U.S. side.\"
🔍 According to Lin, the increased security reviews are shaking Chinese companies' confidence in investing in the US and tarnishing the American business environment. He also pointed out that limiting US investments in China disrupts the natural flow of investment exchanges and interferes with the independent decision-making of US businesses.
🌐 China is urging the US to adhere to international investment and trade rules, respect market economy laws, and avoid politicizing economic issues. Lin stressed that China will take all necessary measures to defend its legitimate rights and interests if these actions continue.
⚓️ Specifically targeting the shipbuilding industry and other sectors, Lin accused the US of misusing the Section 301 investigation mechanism. This, he argued, not only violates WTO rules but also damages the multilateral trading system. \"China is strongly dissatisfied with this and firmly opposes it,\" he added.
🤝 In conclusion, China is calling on the US to respect facts, follow multilateral rules, and halt its current approach. Failure to do so, Lin warned, would lead China to take necessary steps to protect its interests.
Reference(s):
China rebukes U.S. over new investment curbs, vows to defend interests
cgtn.com
