China Voices Strong Opposition to Proposed US Investment Curbs

Beijing, October 25: China has strongly opposed new proposed rules released by the United States Treasury Department to tighten controls on foreign investment.

China's commerce ministry spokesperson, speaking on October 24, said the rules unfairly broaden the scope of investment controls targeting China. He said the move amounts to inflating national security concerns.

The spokesperson warned that the proposal contradicts key agreements reached between the leaders of the two nations. He added that it hampers normal trade and economic cooperation between companies in both countries and damages the international economic and trade framework.

Beijing said it is seriously concerned and firmly rejects the measures. It also reserved its right to take relevant steps and said it would closely follow the situation.

Highlighting the size of its market, the spokesperson said China offers vast room for consumption and investment. He said choosing to invest in China means investing in a promising future.

China stated that restricting US investment in China runs against bilateral economic and trade cooperation and harms American business interests. It called on Washington to respect market economy rules, stop exaggerating national security, and refrain from politicizing or weaponizing trade issues. China said such steps would help create better conditions for cooperation between the two economies.