China on Saturday expressed serious concern and firm opposition to new U.S. outbound investment restrictions, saying that it will closely follow relevant developments and reserve the right to take all necessary measures.
The statement made by a spokesperson for the Ministry of Commerce came in response to a media query regarding the U.S. Treasury Department's updated proposed rules on outbound investment released on Friday.
In the statement released on the ministry's official website, the spokesperson said that the proposed rule expands the scope of investment restrictions targeting China in a discriminatory manner and intensifies these constraints, which is a classic example of generalizing the concept of national security and runs counter to the important consensus reached by the two heads of state.
It also interrupts normal economic and trade cooperation between Chinese and U.S. enterprises, and undermines the international economic and trade order, the spokesperson added.
Highlighting China's enormous market and immense consumer and investment potential, the spokesperson emphasized that investing in China means investing in the future.
U.S. restrictions on investments in China not only hinder bilateral economic and trade cooperation, but also harm the interests of American enterprises themselves, the spokesperson noted.
China urges the U.S. side to respect the laws of a market economy, stop overstretching the concept of national security, stop politicizing and weaponizing trade and economic issues, and create an enabling environment for China-U.S. business cooperation, said the spokesperson.
China firmly opposes US discriminatory investment restrictions: spokesperson
