Beijing: China strongly opposes the US final regulations on investment restrictions aimed at China, a spokesperson for the Chinese Ministry of Commerce said, calling on Washington to “stop politicizing and weaponizing economic and trade issues”.
According to Qatar News Agency, China has lodged solemn representations with the United States and reserves the right to take action, said the spokesperson in a statement. The United States has overstretched the concept of national security to adopt discriminatory investment restrictive measures against China, which is a typical non-market practice, the spokesperson said.
The spokesperson noted that the US restrictions target sectors like chips, AI, and quantum computing. Most industries related to these fields are not connected to national security, yet they will all be affected by the US ban. This will disrupt normal economic and trade cooperation between Chinese and US companies, harming the interests of businesses in both countries, the spokesperson stressed.
C
hina has noticed that many US business associations and companies have expressed concerns that US investment restrictions against China will cause American companies to give up the Chinese market to competitors from other countries, severely damaging US interests, the spokesperson stated. It is hoped that the United States will respect market economy laws, properly define the boundaries of national security in economic and trade fields, the spokesperson added.