Spokesperson's Remarks｜China opposes and lodges serious protests against US tightened restrictions on investments with China

China strongly deplores and firmly opposes the memorandum on investment policy issued by the US side, citing alleged national security concerns, calls China a "foreign adversary" and adopts various discriminatory measures to tighten restrictions on two-way investments with China, and have lodged serious protests with the US side, Chinese Foreign Ministry spokesperson Lin Jian said on Monday.

Lin Jian, Chinese Foreign Ministry Spokesperson/MFA PRC

Lin made the remarks at a regular press conference in response to a question about China's comments on the US, which on last Friday issued a series of statements on economic relations with China, including investment controls in the US.

Lin said that the tightening of security reviews targeting Chinese investments in the US severely hits the confidence of Chinese companies in investing in the US and what is being undermined is the business environment in that country. The increasing of restrictions on US investments in China is a deliberate interference with the independent decision-making of US companies and distortion of investments between the two countries. By shutting out Chinese companies and the Chinese market, the US will end up hurting its own economic interests and international credibility.

"We urge the US to abide by international investment and trade rules, respect the laws of market economy, stop politicizing and weaponizing economic and trade issues, and stop undermining China's legitimate right to development. We will take necessary measures to firmly safeguard our legitimate rights and interests." Lin said.

 

Lin noted that as for the US restrictions on China's shipbuilding industry and other related sectors, China's Ministry of Commerce made a response. Lin stressed that to serve its political agenda at home, the US has abused Section 301 investigation, which seriously violated WTO rules and further undermined the multilateral trading system. China calls on the US side to respect facts and multilateral rules and immediately stop its wrongdoings. (By Ma Ziqian/China Youth Daily)