Economy News – Update
The Chinese Ministry of Commerce has announced that the government will implement retaliatory measures in response to the recent tightening of U.S. policies regarding investment cooperation with China.
This announcement came following a memorandum issued by the White House aimed at restricting Chinese investments in critical American sectors. The Chinese Ministry stated: “We have considered the current circumstances… China will closely monitor the actions taken by the United States and will adopt necessary measures to safeguard its legitimate rights and interests.” The statement further emphasized the need for the U.S. to adhere to established investment rules and international trade principles, urging an end to the politicization of economic and commercial matters.
Furthermore, it highlighted that restrictions imposed by Washington could lead to greater distortion in investment relations and would not serve U.S. interests. The Chinese government criticized the U.S. administration for overextending the concept of national security, alleging discriminatory practices and non-market-oriented measures that disrupt natural economic cooperation between the two nations.
This situation could “seriously undermine the confidence of Chinese firms looking to invest in the United States,” prompting a call for a fair, transparent, stable, and predictable business environment for Chinese investors. The statement cautioned that increased restrictions and heightened controls on Chinese investments may result in American companies losing access to the Chinese market, thereby benefiting competitors.
In conjunction with these developments, U.S. President Donald Trump has already signed a memorandum aimed at “strengthening foreign investments while simultaneously protecting the national security interests of the United States, particularly against threats posed by foreign adversaries like China.”
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