The Chinese authorities will take countermeasures in connection with the tightening of US policies on investment cooperation with China. This was announced by the Chinese Ministry of Commerce.
„We have taken into account the current situation. "China will closely monitor the actions of the United States and take necessary measures to safeguard its legitimate rights and interests," the Chinese Commerce Department said in a statement in connection with the publication by the White House of an investment policy memorandum, according to which the United States plans to focus on limiting investment cooperation with China.
Beijing insists that the US side adhere to international rules in the field of trade and investment, respect the laws of the market economy, and stop politicizing and using trade and economic issues as weapons. The Commerce Department noted that such restrictions from Washington "will further distort investment cooperation between the two countries and will not be beneficial to the United States itself." The statement stressed that the US administration is ignoring the concept of national security by taking discriminatory actions that "seriously affect China's trade and economic cooperation with the United States." This will greatly undermine the trust in Chinese enterprises, the statement said. “We hope that the US side will provide a fair, transparent, stable and predictable business environment for Chinese companies.“
These restrictions and the tightening of controls on Chinese investment, as noted, will lead to the fact that American businesses “ceed the Chinese market to competitors“.
On February 21, the White House published a memorandum aimed at protecting US national security interests from threats from foreign companies. The document recommends limiting capital investment in strategic sectors when interacting with China.