China criticizes US investment restrictions, pledges to defend its interests

China has responded strongly to the United States' restrictions on investments, asserting its commitment to safeguard its national interests.

China criticizes US investment restrictions, pledges to defend its interests
On Saturday, China responded to the US's announcement of new restrictions on bilateral investments, pledging to take "necessary measures" to protect its legitimate rights and interests.

A spokesperson from the Ministry of Commerce criticized the US's "America First" investment policy memo as discriminatory, highlighting its aim to further restrict Chinese investment in the US as well as American investment in China.

The spokesperson accused Washington of expanding the definition of national security in a biased manner and implementing non-market policies that disrupt normal economic and trade relations between the two nations.

"These moves will severely damage Chinese companies' confidence in investing in the US,” the spokesperson stated. “We urge the US to provide a fair, transparent, and predictable business environment for Chinese investors."

In addition, the Chinese government has condemned the US for imposing further restrictions on American investments in China, labeling the decision "unreasonable" and warning that it could distort bilateral trade and investment flows, ultimately harming US interests. Industry groups and American businesses have expressed concerns that such policies may drive US firms out of the Chinese market in favor of global competitors, as noted by the Ministry of Commerce (MOFCOM).

China has urged the US to adhere to international trade and investment regulations, avoid politicizing economic matters, and respect market principles. The MOFCOM emphasized that China will closely monitor the situation and take all necessary measures to protect its legitimate economic rights and interests.

Mark B Thomas for TROIB News