CCTV News: According to the Ministry of Commerce website, on February 22, the spokesperson of the Ministry of Commerce answered reporters’ questions about the release of the “No. 1” investment policy memorandum of the United States.
A reporter asked: On February 21, Eastern Time, the White House website released a memorandum of investment policy for "US No. 1", announcing that it would adjust its investment policy in the United States, focusing on further restricting two-way investment with China. What is the response of the Ministry of Commerce to this?
A: China has noticed the relevant situation. The US's approach to generalizing national security concepts is discriminatory and is a typical non-market practice, which seriously affects the normal economic and trade cooperation between the two countries' enterprises.
In terms of China's investment in the United States, the United States has imposed strict security reviews on Chinese investment, which will seriously damage Chinese companies' confidence in investment in the United States. We hope that the US side will provide a fair, transparent, stable and predictable business environment for Chinese companies to invest in the United States.
In terms of US investment in China, the US will further take more restrictive measures, which is very unreasonable. Once the relevant measures are implemented, they will further distort investment exchanges between the two countries and will not benefit the United States itself. Many American business associations and companies have proposed that U.S. investment restrictions on China will lead to U.S. companies giving up the Chinese market to other competitors.
China urges the US to abide by international investment and trade rules, respect the laws of the market economy, and stop politicizing and weaponizing economic and trade issues. China will closely monitor the US trends and take necessary measures to defend its legitimate rights and interests.
