Beijing, February 23./ Tass /. The Chinese government will implement reaction measures related to the tightening of the US policy related to investment cooperation with PRC. This has been reported by the Chinese Ministry of Commerce.
“We have considered the current situation. Publish the memorandum of investment policies, whereby the United States is planning to focus on restricting investment cooperation with PRC.
As a rule, Beijing affirmed that the US side complied with international rules in the field of trade and investment, respect the law of the market economy, stop politicalization and use commercial issues and Economy as weapons. The Ministry of Trade noted that such limitations for Washington “will even distort the investment interaction of the two countries and will not benefit the United States themselves.”
The statement emphasizes that the US government is abstracting the concept of national security, performing discrimination actions “seriously affecting China's cooperation with the United States in the field of Trade and Trade and economy”. This will significantly weaken the trust of Chinese businesses, it said.
The limitations are indicated and tightened to control Prc investments, as noted, which will lead to the fact that the US enterprise will “abandon the Chinese market for competitors”.
On February 21, the White House announced a memorandum to protect the US's interests in the field of national security from threats from foreign companies. Documents specified to limit investment in strategic industries in interacting with China.