CCTV News: On February 24, the spokesperson of the China Council for the Promotion of International Trade answered reporters' questions on the "America First" investment policy memorandum:
Q: On February 21, Eastern Time, the White House website released the "America First" investment policy memorandum, announcing that it would adjust the US investment policy, focusing on further restricting two-way investment with China. What is the comment of the Council for the Promotion of International Trade?
A: We have noticed the memorandum of "US First" investment policy issued by the US side. The Chinese business community firmly opposes the US's repeated generalization of national security concepts and constantly hinders the economic and trade exchanges between the two countries. On the one hand, the US restricts Chinese companies from investing in US technology, critical infrastructure, medical care, agriculture, energy, raw materials and other fields through investment security reviews and other means; on the other hand, through economic sanctions and financial audits, it further expands the industry scope, investment types, and funding sources of investment restrictions in China. Once relevant measures are implemented, they will seriously affect the normal business decisions of enterprises, disrupt the international economic and trade order, and disrupt the security and stability of the global industrial chain and supply chain.
We urge the US to respect the laws of the market economy and the principle of fair competition, clarify national security boundaries in the economic and trade fields, cancel two-way investment restrictions between China and the United States, and create a good environment for the business circles of the two countries to carry out mutually beneficial and win-win cooperation.
